As a Fringe Benefit for the Past 12 Years, Colin's

Short Answer

As a fringe benefit for the past 12 years, Colin's employer has contributed $50 at the end of each month into an employee retirement account for Colin that pays interest at the rate of 7%/year compounded monthly. Colin has also contributed $1,500 at the end of each of the last 6 years into an IRA that pays interest at the rate of 8%/year compounded yearly. How much does Colin have in his retirement fund at this time? Please round the answer to the nearest cent.
$ __________