A company is planning to make annual contributions to a retirement fund. If the company contributes $5,000 at the end of each year for 10 years and the fund earns a 6% annual interest rate, how much will the fund be worth at the end of the 10 years? Use the formula for the future value of an annuity:

$$FV = P \times \frac{(1 + r)^n - 1}{r}$$

Where:

• $$FV$$ = future value of the annuity
• $$P$$ = annual payment ($5,000)
• $$r$$ = annual interest rate (6% or 0.06)
• $$n$$ = number of years (10)