Question

Derek will deposit $2,480.00 per year for 21.00 years into an account that earns 16.00%, The first deposit is made next year. How much will be in the account 39.00 years from today?

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#2

Derek will deposit $2,323.00 per year for 5.00 years into an account that earns 5.00%. The first deposit is made today. How much will be in the account 5.0 years from today? Note that he makes 5.0 total deposits.

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#3

Derek will deposit $1,891.00 per year into an account starting today and ending in year 8.00. The account that earns 14.00%. How much will be in the account 8.0 years from today?

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#4

Derek will deposit $7,984.00 per year for 11.00 years into an account that earns 8.00%, The first deposit is made next year. How much will be in the account 44.00 years from today?

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#5

Derek will deposit $5,819.00 per year for 17.00 years into an account that earns 15.00%, The first deposit is made next year. He has $16,600.00 in his account today. How much will be in the account 36.00 years from today?

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Answer format: Currency: Round to: 2 decimal places.

Answer 1

1	Amount after 21 years	$334,404.45
	Amount after 39 years	$4,836,329.26
2	Amount after 4 years	$13,477.84
	Amount after 5 years	$14,151.74
3
	Amount after 8 years	$34,675.83
4	Amount after 11 years	$132,897.57
	Amount after 44 years	$1,684,616.22
5	Amount after 17 years	$557,308.95
	Amount after 36 years	$7,931,493.72

WORKINGS