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Posted on Jul 13, 2024

Derek will deposit $3,788.00 per year for 14.00 years into an account that earns 12.00%. Assuming the first deposit is made 6.00 years from today,

Derek will deposit $3,788.00 per year for 14.00 years into an account that earns 12.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 33.00 years from today?

Can someone answer this using a formula instead of a financial calculator and showing their work? Preferably excel.

The answer is $599,663.34 but why do I keep getting $599,664.2076 ??

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