Answer:
Fund balance at December 31th, 2030 $ 1,381,644.80
Step-by-step explanation:
We should calculate the future value of a 10-years annuity of 100,000 at 7% interest rate:
C 100,000
time 10 years
rate 7% = 7/100 = 0.07
FV $1,381,644.7961
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