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An investment banker decides to invest his year - end bonus each year into a mutual fund for future use. He is able to earn

An investment banker decides to invest his year-end bonus each year into a mutual fund for future use. He is able to
earn 12.00% per year on average on his mutual fund. If he projects the following cash flows for the next four years,
what is the future value of his account at the end of the fourth year?
YEAR
1
2
3
4
Bonus
$20,000.00
$30,000.00
$35,000.00
$40,000.00
Answer format: Currency: Round to: 2 decimal places.
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