Answer: $171,825
Explanation:
As you invest the same base amount as well as every distribution you receive, this can be said to be an annuity due to the amount being the same and the interest being compounded.
The value at the end of 20 years would be the future value of this annuity and is calculable as follows:
= Annuity * ( ( 1 + rate) ^ number of period - 1) / rate
= 3,000 * ( ( 1 + 10%)²⁰ - 1) / 10%
= $171,824.998
= $171,825
