​(Related to Checkpoint​ 5.2) ​(Future value) Bob Terwilliger received
​$16,555
for his services as financial consultant to the​ mayor's office of his hometown of Springfield. Bob says that his consulting work was his civic duty and that he should not receive any compensation. ​ So, he has invested his paycheck into an account paying
3.62
percent annual interest and left the account in his will to the city of Springfield on the condition that the city could not collect any money from the account for
160
years. How much money will the city receive in
160
years from​ Bob's generosity?
Question content area bottom
Part 1
The amount of money the city will receive in
160
years from​ Bob's generosity is
​$enter your response here.
​(Round to the nearest ​ cent.)