Donnie will invest $4,000 at the beginning of every year for the next 25 years. His money will earn 11% compounded annually. If he does not withdraw any of the money, how much should he have exactly seven years after he makes the last $4,000 investment?
1) $1,434,739
2) $893,562
3) $950,161
4) $1,054,679
5) $507,995