Today is June 30 2021, and on this date you have already accumulated $4,000 in your Sunsuper Superannuation account, and you have already accumulated $1,000 in your Australian Super account. Today you are going to transfer the $4,000 in your Sunsuper account to your Australian Super Account, so that Australian Super can manage all of your retirement money. You decided to use Australian Super as they had relatively lower fees and better investment returns. You decide to invest your money using Australian Supers balanced investment strategy which is expected to earn a return equivalent to the Reserve Bank of Australia cash rate (as at June 30 2021) plus a margin of 5.90%. This interest rate is compounded monthly (assume this return is the same every period). The financial year ends on June 30 each year. Your employer will make contributions of $500 per month into your super account at the end of each month beginning on July 31 2021until 30 June 2068 (inclusive). In addition, you will make contributions of $100 per month into your super account at the end of each month beginning on September 30 2050 until June 30 2068 (inclusive).

Given such contributions, your job is to determine the amount of money you will have in your superannuation account on June 30 2068. Please report your answer and show all workings