Answer:
sh.299,449.72
Step-by-step explanation:
The future value of an ordinary annuity with annual payments P earning interest rate r compounded annually for t years is ...
FV = P((1+r)^t -1)/r
For the given numbers, the future value is ...
FV = sh.25000(1.07^9 -1)/0.07 ≈ sh.299,449.72
