Robert, signs a $200 million deal for 10 years where he is promised following payments:

$40 million now $30 million at each of the end of years 1 and 2

$20 million at each of the end of years 3, 4 and 5 $10 million at each of the end of years 6, 7 and 8

$5 million at each of the end of years 9 and 10

Robert invests all his earnings in an account that pays 7 percent interest.

What is the balance at the end of 10 years?