Question $7$

You anticipate investing $$3,500$ per year for the next $40$ years in a fixed$-$income mutual fund

that you think will return $4\%$ per year. Assume that the first investment occurs at the end of

this year and that the last investment occurs at year $40.$ How much will you have in total at

the $40$ year point?

$$332,589$

$$362,399$

$$341,128$

$$321,091$

$$346,713$