Derek currently has $14,906.00 in an account that pays 5.00%. He will withdraw $5,734.00 every other...

Derek currently has $14,906.00 in an account that pays 5.00%. He will withdraw $5,734.00 every other year beginning next year until he has taken 8.00 withdrawals. He will deposit $14906.0 every other year beginning two years from today until he has made 8.0 deposits. How much will be in the account 29.00 years from today?

Please show steps (with calculator)

Expert Solution

jeff jeffy answered 1 year ago

Derek currently has $10,761.00 in an account that pays 5.00%. He will withdraw $5,643.00 every other...

Derek currently has $10,761.00 in an account that pays 5.00%. He will withdraw $5,643.00 every other year beginning next year until he has taken 6.00 withdrawals. He will deposit $10761.0 every other year beginning two years from today until he has made 6.0 deposits. How much will be in the account 28.00 years from today?

Derek currently has $12,018.00 in an account that pays 5.00%. He will withdraw $5,543.00 every other...

Derek currently has $12,018.00 in an account that pays 5.00%. He will withdraw $5,543.00 every other year beginning next year until he has taken 8.00 withdrawals. He will deposit $12018.0 every other year beginning two years from today until he has made 8.0 deposits. How much will be in the account 28.00 years from today?

Derek currently has $14,710.00 in an account that pays 5.00%. He will withdraw $5,038.00 every other...

Derek currently has $14,710.00 in an account that pays 5.00%. He will withdraw $5,038.00 every other year beginning next year until he has taken 6.00 withdrawals. He will deposit $14710.0 every other year beginning two years from today until he has made 6.0 deposits. How much will be in the account 23.00 years from today? *PLEASE SHOW FINANCE CALCULATOR INPUTS IF POSSIBLE*

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Derek currently has $10,116.00 in an account that pays 5.00%. He will withdraw $5,636.00 every other year beginning next year until he has taken 5.00 withdrawals. He will deposit $10116.0 every other year beginning two years from today until he has made 5.0 deposits. How much will be in the account 29.00 years from today? Derek can deposit $297.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month....

Derek currently has $13,976.00 in an account that pays 5.00%. He will withdraw $5,724.00 every other...

Derek currently has $13,976.00 in an account that pays 5.00%. He will withdraw $5,724.00 every other year beginning next year until he has taken 6.00 withdrawals. He will deposit $13976.0 every other year beginning two years from today until he has made 6.0 deposits. How much will be in the account 24.00 years from today?

Derek currently has $10,773.00 in an account that pays 5.00%. He will withdraw $5,493.00 every other...

Derek currently has $10,773.00 in an account that pays 5.00%. He will withdraw $5,493.00 every other year beginning next year until he has taken 6.00 withdrawals. He will deposit $10773.0 every other year beginning two years from today until he has made 6.0 deposits. How much will be in the account 29.00 years from today? Please explain steps in detail, thanks!

Derek currently has $11,916.00 in an account that pays 6.00%. He will withdraw $5,627.00 every other...

Derek currently has $11,916.00 in an account that pays 6.00%. He will withdraw $5,627.00 every other year beginning next year until he has taken 4.00 withdrawals. He will deposit $11916.0 every other year beginning two years from today until he has made 4.0 deposits. How much will be in the account 28.00 years from today?

Derek currently has $10,109.00 in an account that pays 4.00%. He will withdraw $5,509.00 every other...

Derek currently has $10,109.00 in an account that pays 4.00%. He will withdraw $5,509.00 every other year beginning next year until he has taken 7.00 withdrawals. He will deposit $10109.0 every other year beginning two years from today until he has made 7.0 deposits. How much will be in the account 29.00 years from today?

Derek currently has $10,108.00 in an account that pays 6.00%. He will withdraw $5,123.00 every other...

Derek currently has $10,108.00 in an account that pays 6.00%. He will withdraw $5,123.00 every other year beginning next year until he has taken 5.00 withdrawals. He will deposit $10108.0 every other year beginning two years from today until he has made 5.0 deposits. How much will be in the account 25.00 years from today?

Derek currently has $11,546.00 in an account that pays 4.00%. He will withdraw $5,196.00 every other...

Derek currently has $11,546.00 in an account that pays 4.00%. He will withdraw $5,196.00 every other year beginning next year until he has taken 7.00 withdrawals. He will deposit $11546.0 every other year beginning two years from today until he has made 7.0 deposits. How much will be in the account 23.00 years from today? PLEASE SHOW THE STEP HOW TO SOLVE THE QUESTION

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