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MY NOTES 1. (-/7.14 Points) DETAILS Luts has $150,000 in a retirement account at his present company. Because he is assuming a position with another

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MY NOTES 1. (-/7.14 Points) DETAILS Luts has $150,000 in a 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 $2000/quarter into the new account until his retirement 20 years from now. If the new account earns interest at the rate of 4.5%/year compounded quarterly, how much will Luis have in his account at the time of his retirement? (Round your answer to the nearest cent.)

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