When you were born, your dear old Aunt Minnie promised to deposit $500 into a savings account earning interest of 5% compounded annually on each of your birthdays, beginning with your first. You have just turned 18 and want the money to pay your college tuition. However, it turns out that dear old (forgetful) Aunt Minnie made no deposits on your fifth and eleventh birthdays. How much is in the account right now? (10 marks)