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Today is 1/1/2020, John plans to deposit $500 at the beginning of each month into an investment fund. The first deposit will be deposited today.

Today is 1/1/2020, John plans to deposit $500 at the beginning of each month into an investment fund. The first deposit will be deposited today. John predicts that the return rate of this fund will be j12=5.34% from 1/1/2020 to 30/6/2020 and j12=5.95% from 1/7/2020 to 31/12/2020. What will be the balance amount of this account on 31/12/2020?

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