Eight
months from today you plan to deposit $20,000 into an account with
an APR of 5.5% per year with quarterly compounding. In addition,
eleven months from today, you plan to make the first of a series of
semiannual deposits into the same account. Your first deposit will
equal $4000 and subsequent deposits will grow by 0.5% each. You
will make your final deposit five years and five months from today.
How much will be in your account six years from today if you make
no withdrawals before then?