Shepp Parker has a construction business and is aware of how the company may have slow periods where his operational cash flow may be tight.

Shepp Parker has a construction business and is aware of how the company may have slow periods where his operational cash flow may be tight. Mr. Parker has decided to put aside $15,000 a month from some of his profits for the next 5 Years into a safety net. The money will be set aside in a separate account which pays a 3.25% annual interest rate compounded monthly. The first %15,000 is placed in the account today. How much money will this account have after 5 years?