What is the future value of an annuity based on the following information: An employee contributes $1,200 per year into their 401k plan and gets a rate of return of 7% for a time period of 40 years. What is the account balance at the end of the 40 years? (use annual compound frequency and deposits are at beginning of each time period) $26,069 $3,890,165 $256,331 $48,000