can you show a step by step to find 5 yrs after the final $3,531 contribution.

thank you

Sample Problem 3 You turn 26 today. Your aunt just gave you $1,370. You have 5 used the money to open up a brokerage account. Your plan is to contribute an additional $3,531 to the account each year on your birthday, up through 7 the year you turn 67, starting next year. The account has an 8 annual expected return of 8 percent. How much do you expect to have in -9 the account five years after you make the final $3,531 contribution? 20 21 Solution: 22 $1,503,976.97 23 Note: If your version of the problem asks for the future value two or five years 24 after you make the final contribution, you will have to compound the annuity future 25 value two or five additional years forward as a lump sum to obtain the answer: 26 FORD X (1+i) 27