Donnie will invest $4,000 at the beginning of every year for the next 25 years. His money will earn 11% compounded annually. If he does not withdraw any of the money, how much should he have exactly seven years after he makes the last $4,000 investment?
A) $1,434,739
B) $950,161
C) $893,562
D) $507,995
E) $1,054,679
Correct Answer:
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