Intro

Wells Fargo offers a new savings product: You make the following payments at the end of each year and will then

receive a lump sum payment $35$ years from now.

The annual interest rate is $6\%$ for the next $5$ years, then $5\%$ for the following $30$ years.

Part $1$

Attempt $\frac{1}{10}$ for $10$ pts$.$

What is the future value of your investment in year $35?$

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