You have carefully examined your budget and determined that you can manage to set aside $250 annually at 7% annual interest. How much will you have contributed after 20 years? What is the future value of your annuity after 20 years? How much interest will you earn?

1. What is the value for PV?

2.What is the value for N(show calculations)?

3. What is the value for I/Y(show calculations)?

4. What is the value for PMT?

5. What is the earned interest(show your work and round to 2 decimal places)?

Please answer all questions!

(Financial Math)