. Assume that Randall Ezno was born today and to celebrate hisbirth, his parents deposited $10,000 into an account in his name.The account pays interest of 2.35 percent p.a., with monthlycompounding, and it is expected to continue paying this amountforever. Assume that exactly 1.5 years after the deposit was made,Randall’s parents changed their minds and withdrew $10,000 from theaccount (all that remained in the account was the interest earnedin the first 18 months). How much money will be in Randall’saccount on his 65th birthday?
