Upon graduating from college 40 years ago, Dr. Nick Riviera was already planning for his retirement.Since then, he has made deposits into a…

Upon graduating from college 40 years​ ago, Dr. Nick Riviera was already planning for his retirement. Since​ then, he has made deposits into a retirement fund on a weekly basis in the amount of ​$20. Nick has just completed his final payment and is at last ready to retire. His retirement fund has earned 7 percent compounded weekly. Use five decimal places for the periodic interest rate in your calculations.

a. How much has Nick accumulated in his retirement​ account?

b. In addition to​ this, 15 years ago Nick received an inheritance check for ​$20,000 from his beloved uncle. He decided to deposit the entire amount into his retirement fund. What is his current balance in the​ fund?

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