Fei has 11900 dollars in his retirement account in addition


Fei has 11,900 dollars in his retirement account. In addition, he plans to save 9,400 dollars per year in his account for 6 years. His first contribution to his account is expected immediately and his last contribution is expected in 5 years. Fei expects to earn 3.21 percent per year in his account. Fei plans to retire in 6 years. How much money does Fei expect to have in his account when he retires?

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Financial Management: Fei has 11900 dollars in his retirement account in addition
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