Question

Derek will deposit $3,866.00 per year for 9.00 years into an account that earns 15.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 30.00 years from today?

Derek will deposit $1,707.00 per year for 30.00 years into an account that earns 15.00%, The first deposit is made next year. How much will be in the account 36.00 years from today?

Derek will deposit $1,727.00 per year for 25.00 years into an account that earns 4.00%. The first deposit is made today. How much will be in the account 25.0 years from today?

Derek will deposit $9,577.00 per year for 14.00 years into an account that earns 6.00%, The first deposit is made next year. He has $15,886.00 in his account today. How much will be in the account 44.00 years from today?

Derek will deposit $4,617.00 per year for 27.00 years into an account that earns 13.00%, The first deposit is made next year. How much will be in the account 39.00 years from today?

Answer 1

ROI Principal Assuming 1st deposit is made 6 yrs from today 15% 15% ROI 1707 Principal 4% 6% 9577 ROI Principal nper return for 35 yrs roi Principal per 3866 1727 nper 25yrs 14YRS rs need to cal oulate total amount in the account after 30 yrs from now 15886 that means return for 24yrs nper FVfor anr PL(1+r)n-1)/r] FVfor annuity 1727 t(1+.04) 25-1/.04 For 15886 38,071.72 9 yrs P[i(1+r) n-1)/rl 3866 f(1+.15)A9-1)/15] 1707 01+.15) 30-115] 66.21177196 65.21177196 434 7451464 742,109.96 FVfor annuity P[i(1+rn-1)/r 2.6658363 1.6658363 41.645908 922.48 FVfor annuity 95770 ((1+,06) 14-13/.06] 2.26090396 1.26090396 21.0150659 201261.286 3.51 787629 16.7858419 2.517876 64,894.06 amount in 30 yrs from now FV Co (1+r)An amount in 15 yrs from now FV 2.313060766 Ans. 38071.22+201261.29 co*(1r) 239,333.01 8.13706163 528,047.01 S.