Bob, a coworker who is the same age as the Ann in the previous problem, begins to invest $2000 per year in the same mutual fund earning 12 percent. He only begins investing when Ann stops (i.e. at age 29). Bob is more disciplined, however, and invests the $2,000 every year until he retires at age 65. Calculate how much he will have in the account. Assume annual compounding.