Question 1 10 pts Consider an annuity that pays $700 per year for 11 years, with the first payment starting a year later (t=1). What is its future value 11 years from now at an expected return of 14% per year? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67)