Question 1088400
If you have the formula, use it.
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Assuming you start with zero dollars:
end of year 1: 1200
end of year 2: (1200*1.11)+1200
etc., with contributions made at the end of each year.
1200[((1+0.06)^7-1)/0.06]
1200(0.5036/0.06)
1200(8.3938) = 10,072.56