Money does fei expect to have in his account when he retires

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Reference no: EM131020331

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?

Reference no: EM131020331

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