Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Derek will deposit $ 5 , 8 7 1 . 0 0 per year for 1 2 . 0 0 years into an account that

Derek will deposit $5,871.00 per year for 12.00 years into an account that earns 4.00%, The first deposit is made next year. He has $11,837.00 in his account today. How much will be in the account 45.00 years from today?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essential Wholesaling Strategies For Real Estate Success

Authors: Farisg H. Al-farisi

1st Edition

979-8866103171

More Books

Students also viewed these Finance questions

Question

What are the stages of project management? Write it in items.

Answered: 1 week ago