Today is your 20th birthday, and your parents just gave you $5,000 that you plan to use to open a stock brokerage account. You plan to add $500 to the account each year on your birthday. Your first $500 contribution will come one year from now on your 21" birthday. Your 45% and final $500 contribution will occur on your 65th birthday. You plan to withdraw $5,000 from the account five vears from now on vour 25th birthday to take a trip to Europe. You also anticipate that you will need to withdraw $10,000 from the account 10 years from now on your 30* birthday to take a trip to Asia. You expect that the account will have an average annual return of 12%. How much money will be in the account on your 65 birthday, following your final

contribution?