Question
1. Derek will deposit $3,346.00 per year for 21.00 years into an account that earns 6.00%, The first deposit is made next year. How much
1. Derek will deposit $3,346.00 per year for 21.00 years into an account that earns 6.00%, The first deposit is made next year. How much will be in the account 39.00 years from today?
2. Derek will deposit $9,030.00 per year for 25.00 years into an account that earns 4.00%, The first deposit is made next year. He has $15,037.00 in his account today. How much will be in the account 43.00 years from today?
3. Derek will deposit $7,719.00 per year for 16.00 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?
4. Derek will deposit $945.00 per year for 8.00 years into an account that earns 5.00%. The first deposit is made today. How much will be in the account 8.0 years from today? Note that he makes 8.0 total deposits.
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