Calculate the future value of an account after you've contributed $1,000 at the end of each year

Question:

Calculate the of an account after you've contributed $1,000 at the end of each year for 40 years, assuming you can earn 9 percent compounded annually and you don't make a withdrawal during the 40-year period. Now calculate the value of the same account if you stop making contributions after 30 years. What does this tell you about the power of time when trying to accumulate wealth?
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...