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Question 13 10 pts JT just bought hurricane insurance coverage for the next 7 years (his coverage begins today and ends 7 years from today).

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Question 13 10 pts JT just bought hurricane insurance coverage for the next 7 years (his coverage begins today and ends 7 years from today). He has agreed to pay $3,000 each year starting immediately and making his last $3,000 annual payment at the end of year 6 (beginning of year 7). Find the future value of his insurance contract seven years from today if the interest rate is 7.9%. Answer Format: ENTER YOUR ANSWER AS A POSITIVE NUMBER INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" " or any other formatting. Carry computation to at least 4 decimals and round your final answer to 2 decimal places. ######.##

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