#### How to Find Future Value with Different Rates

Peter invests $6,000 into a retirement account. He expects to earn 8 percent, compounded quarterly, on his money for the next 30 years. After that, for the next 15 years, he only expects to earn 6 percent, compounded semi-annually.

How much money will Peter have in his account when he retires 45 years from now?

Assume this the only deposit he makes