In: Finance
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?
Please refer to below spreadsheet for calculation and answer. Cell reference also provided.
Cell reference -