Question
Derek will deposit $6,547.00 per year for 24.00 years into an account that earns 9.00%, The first deposit is made next year. He has $14,599.00
Derek will deposit $6,547.00 per year for 24.00 years into an account that earns 9.00%, The first deposit is made next year. He has $14,599.00 in his account today. How much will be in the account 40.00 years from today?
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Answer format: Currency: Round to: 2 decimal places.
Derek will deposit $2,342.00 per year for 22.00 years into an account that earns 6.00%, The first deposit is made next year. How much will be in the account 38.00 years from today?
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Answer format: Currency: Round to: 2 decimal places.
Derek will deposit $293.00 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.
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Answer format: Currency: Round to: 2 decimal places.
A bank offers 4.00% on savings accounts. What is the effective annual rate if interest is compounded semi-annually?
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Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))
Derek will deposit $3,917.00 per year for 15.00 years into an account that earns 14.00%. Assuming the first deposit is made 7.00 years from today, how much will be in the account 33.00 years from today?
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Answer format: Currency: Round to: 2 decimal places.
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