You have just been hired by a large software company. It offered you a very competitive annual salary for the next three years:

• Beginning of year 1 (i.e., today)......... You will be immediately paid $62,000 as a lump sum for the first year of your work.
• Beginning of year 2 (i.e., 1 year from today)......... You will be pre-paid $72,000 as a lump sum for the second year of your work.
• Beginning of year 3 (i.e., 2 years from today)......... You will be pre-paid $78,000 as a lump sum for the third year of your work.

You are planning to deposit these right away into a special bank account that offers 4% interest, and keep it all there for a while without taking any money out. How much TOTAL money will you have in this bank account 6 years from today?