1. A family will be investing continuously in a savings plan at 4% APR for thirty years, where the investment is $1000 per year at the beginning and increased by $100 every year. What is the present value of the 30-year plan?
a. $134,001.46
b. $38,555.94
c. $76.941.69
d. $51,085.80
e. $128,010.23