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?

Expert Solution

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

Cell reference -

jeff jeffy answered 1 month ago

Derek will deposit $5,825.00 per year for 10.00 years into an account that earns 9.00%, The...

Derek will deposit $5,825.00 per year for 10.00 years into an account that earns 9.00%, The first deposit is made next year. He has $11,818.00 in his account today. How much will be in the account 47.00 years from today? Answer format: Currency: Round to: 2 decimal places.

Derek will deposit $8,984.00 per year for 10.00 years into an account that earns 8.00%, The...

Derek will deposit $8,984.00 per year for 10.00 years into an account that earns 8.00%, The first deposit is made next year. How much will be in the account 43.00 years from today? Answer format: Currency: Round to: 2 decimal places.

Derek will deposit $5,678.00 per year for 15.00 years into an account that earns 13.00%, The...

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.

Derek will deposit $4,355.00 per year for 30.00 years into an account that earns 9.00%, The...

Derek will deposit $4,355.00 per year for 30.00 years into an account that earns 9.00%, The first deposit is made next year. How much will be in the account 45.00 years from today?

Derek will deposit $1,528.00 per year for 14.00 years into an account that earns 13.00%, The...

Derek will deposit $1,528.00 per year for 14.00 years into an account that earns 13.00%, The first deposit is made next year. He has $14,070.00 in his account today. How much will be in the account 36.00 years from today? Derek will deposit $3,102.00 per year for 9.00 years into an account that earns 5.00%. Assuming the first deposit is made 4.00 years from today, how much will be in the account 35.00 years from today?

Derek will deposit $5,939.00 per year for 18.00 years into an account that earns 14.00%, The...

Derek will deposit $5,939.00 per year for 18.00 years into an account that earns 14.00%, The first deposit is made next year. He has $10,013.00 in his account today. How much will be in the account 36.00 years from today? Derek will deposit $4,592.00 per year for 13.00 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 35.00 years from today? Suppose you deposit $2,798.00...

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

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