Question: Could you please explain me how do you solve the following question- Dan plans to fund his individual retirement account (IRA) with the maximum contribution

Could you please explain me how do you solve the following question-

Dan plans to fund his individual retirement account (IRA) with the maximum contribution of $2,000 at the end of each year for the next 10 years. If Dan can earn 10 percent on his contributions, how much will he have at the end of the tenth year?

I know the answer is $31,874, but how did you get to that answer?

How did you write the formula on the financial calculator?

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