Practicing future value calculations

The Board thinks it's a good idea to invest $250,000 of Spaero's cash reserves in the market rather than let it sit in a savings account. The CFO found a 10-year bond at 6.25% interest. They need you to determine how much the original investment will grow over those ten years.

The CFO is old-school and skeptical of Power BI's capabilities, so they want you to calculate Future Value by hand and compare it with the results from the FV() function in Power BI.