You have decided to start a savings plan for your retirement. You plan to make an

annual deposit of $$50,000$ each year for the next $6$ years. The first deposit to be

made one year from today. The bank pays a nominal interest rate of $5\%$ annually.

How much your savings account with the bank be if you leave the money in the bank

to be withdrawn all in $19$ years from today?

Round to the nearest $$0\mathrm{.}01.$ DO NOT use the $ sign. Do not use commas to separate thousands.

For example if you obtain $$1,433\mathrm{.}728$ then enter $1433\mathrm{.}73$ ; if you obtain $$432$ then enter $432\mathrm{.}00$

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