Piotr plans to make regular savings contributions of 9600, Financial Management

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Piotr plans to make regular savings contributions of 9600

Piotr plans to make regular savings contributions of 9,600 dollars per year for 5 years. His first regular savings contribution is expected in 1 year. In addition, he plans to make a special savings contribution of 13,400 dollars in 2 years. Piotr expects to earn 9.19 percent per year. How much money does Piotr expect to have in 5 years?

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Financial Management: Piotr plans to make regular savings contributions of 9600

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