Derek will deposit $2,778.00 per year for 22.00 years into an account that earns 10.00%, The...

Derek will deposit $2,778.00 per year for 22.00 years into an account that earns 10.00%, The first deposit is made next year. How much will be in the account 38.00 years from today?

Derek will deposit $2,612.00 per year into an account starting today and ending in year 5.00. The account that earns 8.00%. How much will be in the account 5.0 years from today?

Derek will deposit $4,196.00 per year for 26.00 years into an account that earns 11.00%, The first deposit is made next year. How much will be in the account 36.00 years from today?

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Expert Solution

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

Cell reference -

jeff jeffy answered 2 hours ago

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