You expect to receive $1,005 every year at the end of each year, starting at the end

Fantastic news! We've Found the answer you've been seeking!

Question:

You expect to receive $1,005 every year at the end of each year, starting at the end of year 5 and ending at the end of year 15. If you expect the rate of return is 9.4 percent, and you invest all your cash flows at the going rate as soon as you receive them, how much money will you have at the end of year 25?