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1. Jon invests $300 at time 8 years, $600 at time 9 years, $900 at time 10 years, and so on, up to the last payment at time 2
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Answer #1

accumulated value

=300*(1+5%)^17+600*(1+5%)^16+900*(1+5%)^15+1200*(1+5%)^14+1500*(1+5%)^13+1800*(1+5%)^12+2100*(1+5%)^11+2400*(1+5%)^10+2700*(1+5%)^9+3000*(1+5%)^8+3300*(1+5%)^7+3600*(1+5%)^6+3900*(1+5%)^5

=42872.58

the above should be the answer..

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