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Answer All #1 Derek will deposit $3,934.00 per year for 10.00 years into an account that earns 4.00%, The first deposit is made next year.
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#1 Derek will deposit $3,934.00 per year for 10.00 years into an account that earns 4.00%, The first deposit is made next year. How much will be in the account 43.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. #2 Derek will deposit $2,083.00 per year for 10.00 years into an account that earns 8.00%, The first deposit is made next year. He has $10,825.00 in his account today. How much will be in the account 40.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places Derek will deposit $3,048.00 per year for 9.00 years into an account that ears 12.00%. Assuming the first deposit is made 7.00 years from today, how much will be in the account 37.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. #4 What is the value today of receiving $2,378.00 per year forever? Assume the first payment is made next year and the discount rate is 8.00%. #5 What is the value today of receiving $1,016.00 per year forever? Assume the first payment is made 5.00 years from today and the discount rate is 4.00%. Submit Answer format: Currency: Round to: 2 decimal places. #6 Suppose you deposit $2,064.00 into an account today that earns 11.00%. In 2.00 years the account will be worth Submit Answer format: Currency: Round to: 2 decimal placesStep by Step Solution
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