The expected ANNUITY cash flows from a 4-year investment is shown below. If r = 9.5%, calculate the FV of the investment at the end of the 4-year period. Hint: draw a timeline so you can visualize the placement of the cash flows. Show work using spreadsheet.

Year	CF
0
1	150,000
2	150,000
3	150,000
4	150,000

1)	$906,692.75

2)	$691,043.61

3)	$630,672.17

4)	$756,692.75