Derek will deposit $4,188.00 per year for 13.00 years into an account that earns 14.00%. Assuming the first deposit is made 5.00 years from today, how much will be in the account 33.00 years from today?
Suppose you deposit $2,174.00 into an account today that earns 11.00%. In 15.00 years the account will be worth $________.
please show work.
Present Value of Deposit = $ 4188*1/(1.14)^5+$ 4188*1/(1.14)^6+$ 4188*1/(1.14)^7+$ 4188*1/(1.14)^8+......+$ 4188*1/(1.14)^17
= $ 14,486.91
Future Value = Present Value * ( 1+ Rate of Interest)^ Time
= $ 14,486.91*(1+14%)^33
= $ 1093542.98
Answer: $ 1,093,542.98
-------
Future Value = Present Value * ( 1+ Rate of Interest) ^Time
= $ 2174* (1+11%)^15
= $ 10401.6975
= $ 10401.70
Answer = $ 10401.70
Derek will deposit $4,188.00 per year for 13.00 years into an account that earns 14.00%. Assuming...
Derek will deposit $4,994.00 per year for 14.00 years into an account that earns 9.00%. Assuming the first deposit is made 4.00 years from today, how much will be in the account 37.00 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 $1,717.00 per year for 10.00 years into an...
Derek will deposit $2,185.00 per year for 14.00 years into an account that earns 8.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 32.00 years from today? Derek will deposit $5,800.00 per year for 27.00 years into an account that earns 16.00%, The first deposit is made next year. How much will be in the account 37.00 years from today? Derek will deposit $1,404.00 per year for 16.00 years into an...
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...
Derek will deposit $4,181.00 per year for 10.00 years into an account that earns 7.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 40.00 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 $1,717.00 per year for 10.00 years into an...
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?
Derek will deposit $2,756.00 per year for 10.00 years into an account that earns 13.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 34.00 years from today?
Derek will deposit $1,349.00 per year for 14.00 years into an account that earns 11.00%. The first deposit is made next year. How much will be in the account 14.0 years from today?
Derek will deposit $3,048.00 per year for 10.00 years into an account that earns 13.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 38.00 years from today? #1 Submit Answer format: Currency: Round to: 2 decimal places.
Derek will deposit $2,297.00 per year for 16.00 years into an account that earns 15.00%. The first deposit is made today. How much will be in the account 16.0 years from today? Note that he makes 16.0 total deposits. Derek will deposit $1,588.00 per year into an account starting today and ending in year 15.00. The account that earns 15.00%. How much will be in the account 15.0 years from today? Derek will deposit $6,609.00 per year for 26.00 years...
Round all answers to the 2 decimal place a. Derek will deposit $1,907.00 per year for 18.00 years into an account that earns 11.00%, The first deposit is made next year. He has $15,588.00 in his account today. How much will be in the account 46.00 years from today? b. Derek will deposit $1,880.00 per year for 15.00 years into an account that earns 13.00%. Assuming the first deposit is made 4.00 years from today, how much will be in...