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Derek will deposit $1,876.00 per year for 13.00 years into an account that earns 12.00%. The first deposit is made today. How much will be
Derek will deposit $1,876.00 per year for 13.00 years into an account that earns 12.00%. The first deposit is made today. How much will be in the account 13.0 years from today? Note that he makes 13.0 total deposits. Submit Answer format: Currency: Round to: 2 decimal places. Derek will deposit $1,877.00 per year into an account starting today and ending in year 22.00. The account that earns 11.00%. How much will be in the account 22.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places. Derek has the opportunity to buy a money machine today. The money machine will pay Derek $36,818.00 exactly 17.00 years from today. Assuming that Derek believes the appropriate discount rate is 12.00%, how much is he willing to pay for this money machine? Submit Answer format: Currency: Round to: 2 decimal places
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