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    Future Value Exercise

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    Mary wants to invest $12,000 per year at the end of each year in a low- risk acount at Fidelity. She expects to earn 6% for 35 years. What will her retirement account be worth at the end of the 35 years?

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    Solution Summary

    For your review, I have attached a formatted MS Excel spreadsheet which explains the use of the Future Value of an Ordinary Annuity equation.