Question
Derek currently has $10,544.00 in an account that pays 6.00%. He will withdraw $5,990.00 every other year beginning next year until he has taken 8.00
Derek currently has $10,544.00 in an account that pays 6.00%. He will withdraw $5,990.00 every other year beginning next year until he has taken 8.00 withdrawals. He will deposit $10544.0 every other year beginning two years from today until he has made 8.0 deposits. How much will be in the account 22.00 years from today?
Derek currently has $14,863.00 in an account that pays 4.00%. He will withdraw $5,456.00 every other year beginning next year until he has taken 6.00 withdrawals. He will deposit $14863.0 every other year beginning two years from today until he has made 6.0 deposits. How much will be in the account 25.00 years from today?
Answer format: Currency: Round to: 2 decimal places.
Answer correct and receive a thumbs up. Thanks.
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