Today is your birthday, and your uncle gives you $$3,000$ to save for a down payment on a new house. Your bank account pays $7\%$ interest, and your uncle promises an additional $$3,000$ on each of your next four birthdays. Five years from today, how much will you have saved?

What type of annuity is this? Ordinary annuity

Enter the data into your calculator:

N $=5$

I$/$Y $=7$

PV $=0$

PMT $=-3,000$

Solve for FV by pressing CPT FV$.$

FV $=$ $