(Solved): Marquel's employer contributes $500 quarterly to his retirement account, which earns 12% interest ...

Marquel's employer contributes $$\$500$$ quarterly to his retirement account, which earns $$12\%$$ interest that is compounded monthly. How much money will be in his retirement account at the end of 40 years? Click here to access the TVM Factor Table calculator. $$\$$$ million Do not round your interim calculations and then round your final answer to 3 decimal places. Please enter your answers in millions of dollars. The tolerance is $$\pm 0.007$$.