Question

In: Finance

Derek will deposit $2,706.00 per year into an account starting today and ending in year 25.00....

Derek will deposit $2,706.00 per year into an account starting today and ending in year 25.00. The account that earns 10.00%. How much will be in the account 25.0 years from today?

Solutions

Expert Solution

Future Value = Amount * ( 1 + rate)^(End year - given year)

Please let me know in case yu have any queries and I will be happy to assist you.


Related Solutions

1. Derek will deposit $1,692.00 per year into an account starting today and ending in year...
1. Derek will deposit $1,692.00 per year into an account starting today and ending in year 5.00. The account that earns 14.00%. How much will be in the account 5.0 years from today? 2. Derek has the opportunity to buy a money machine today. The money machine will pay Derek $10,304.00 exactly 15.00 years from today. Assuming that Derek believes the appropriate discount rate is 14.00%, how much is he willing to pay for this money machine?
Derek will deposit $2,703.00 per year into an account starting today and ending in year 10.00....
Derek will deposit $2,703.00 per year into an account starting today and ending in year 10.00. The account that earns 5.00%. How much will be in the account 10.0 years from today? the answer is 38,400.95 but i dont know how to solve it, im still confuse on this, can you please help me
PLEASE ANSWER ALL #5 Derek will deposit $2,250.00 per year into an account starting today and...
PLEASE ANSWER ALL #5 Derek will deposit $2,250.00 per year into an account starting today and ending in year 5.00. The account that earns 11.00%. How much will be in the account 5.0 years from today? #6 Derek has the opportunity to buy a money machine today. The money machine will pay Derek $16,744.00 exactly 17.00 years from today. Assuming that Derek believes the appropriate discount rate is 10.00%, how much is he willing to pay for this money machine?...
Derek will deposit $2,239.00 per year for 25.00 years into an account that earns 9.00%, The...
Derek will deposit $2,239.00 per year for 25.00 years into an account that earns 9.00%, The first deposit is made next year. How much will be in the account 36.00 years from today? Answer format: Currency: Round to: 2 decimal places.
Derek will deposit $4,425.00 per year for 25.00 years into an account that earns 15.00%, The...
Derek will deposit $4,425.00 per year for 25.00 years into an account that earns 15.00%, The first deposit is made next year. How much will be in the account 43.00 years from today? Derek will deposit $717.00 per year into an account starting today and ending in year 9.00. The account that earns 9.00%. How much will be in the account 9.0 years from today? Derek will deposit $4,818.00 per year for 29.00 years into an account that earns 13.00%,...
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...
Derek will deposit $4,515.00 per year for 30.00 years into an account that earns 9.00%, The...
Derek will deposit $4,515.00 per year for 30.00 years into an account that earns 9.00%, The first deposit is made next year. He has $12,282.00 in his account today. How much will be in the account 34.00 years from today?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT