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Jack will receive a payment of $500 at time 8 years, $1000 at time 9 years, $1500 at time 10 years, and so on until

Jack will receive a payment of $500 at time 8 years, $1000 at time 9 years, $1500 at time 10 years, and so on until the last payment at time 20 years. Calculate the accumulated value of these payments at time 25 years using an annual effective interest rate of 4.5% (AV=68292.28), (PV=22722.93)

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