Question 1121873
.
It is Ordinary Annuity saving plan.


See the lesson 

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=http://www.algebra.com/algebra/homework/Sequences-and-series/Ordinary-Annuity-saving-plans-and-geometric-progressions.lesson>Ordinary Annuity saving plans and geometric progressions</A>

in this site.


<pre>
The formula for the future value is


FV = {{{4000*(((1+0.04)^35-1)/0.04)}}} = $294,608.90.
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