Derek will deposit $2,703.00 per year into an account starting today and ending in year 10.00....

Derek will deposit $2,703.00 per year into an account starting today and ending in year 10.00. The account that earns 5.00%. How much will be in the account 10.0 years from today?

the answer is 38,400.95 but i dont know how to solve it, im still confuse on this, can you please help me

Expert Solution

jeff jeffy answered 3 months ago

1. Derek will deposit $1,692.00 per year into an account starting today and ending in year...

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Derek will deposit $5,678.00 per year for 15.00 years into an account that earns 13.00%, The first deposit is made next year. He has $10,763.00 in his account today. How much will be in the account 38.00 years from today? Answer format: Currency: Round to: 2 decimal places.

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