Jna has decided to deposit ISK 200,000. deposit into a bank account, annually, for the next 5

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Question:

Jóna has decided to deposit ISK 200,000. deposit into a bank account, annually, for the next 5 years, which is then a total of ISK 1,000,000. The first payment is in exactly 1 second (ie immediately) and then there are 4 payments after that. Interest on the account is 8% per annum for the first 2 years and then 6% per annum after that.

How much will Jóna have in the account after 5 years?