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Luis has $ 1 8 0 , 0 0 0 in his retirement account at his present company. Because he is assuming a position with
Luis has $ in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $quarter into the new account until his retirement years from now. If the new account earns interest at the rate of year compounded quarterly, how much will Luis have in his account at the time of his retirement? Hint: Use the compound interest formula and the annuity formula. Round your answer to the nearest cent.$
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