Answer
$\$ 13,180.79$
Work Step by Step
The amount $A_{f}$ of an annuity consisting of
$n$ regular equal payments of size $R$
with interest rate $i$ per time period
is given by $\displaystyle \quad A_{f}=R\frac{(1+i)^{n}-1}{i}$
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Given: $n=10, \mathrm{R}=\$ 1000, i=0.06$.
$A_{f}=1000\displaystyle \times\frac{(1+0.06)^{10}-1}{0.06}$
$=\$ 13,180.79$
