Answer
$\$ 281,579.50$
Work Step by Step
We are given:
$R=2000, i=0.05, n=40$
The amount of an annuity is given by:
$A_{f}=R \frac{(1+i)^{n}-1}{i}$
$A_{f}=2000\frac{(1+0.05)^{40}-1}{0.05}=\$ 281,579.50$
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