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Peggy Poor established a savings account for her son's college education by making annual deposits of $5,000 at the beginning of each of fifteen years
Peggy Poor established a savings account for her son's college
education by making annual deposits of $5,000 at the beginning of each of fifteen years to an investment account expected to earn 12%. At the end of the fifteen year, the account balance was transferred to a lower risk investment paying 8%, and annual deposits of $5,000 were made at the beginning of each year from the sixteenth through the eighteenth year. What was the account balance at the end of the eighteenth year?
$ __________
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