The Joshi Fish Farm (JFF), a saltwater aquarium company, is planning to expand its operations. It anticipates that an expansion will be undertaken in 4 years. In anticipation of the expansion. JFF invests money into a mutual fund that earns 6% compounded annually to
finance the expansion. At the end of year 1, they invest $70,000. They increase the amount of their investment by $34,000 each year.
How much will JFF have at the end of 4 years so that it can pay for the expansion?