Question
Derek will deposit $9,883.00 per year for 15.00 years into an account that earns 10.00%, The first deposit is made next year. How much will
Derek will deposit $9,883.00 per year for 15.00 years into an account that earns 10.00%, The first deposit is made next year. How much will be in the account 42.00 years from today?
Derek will deposit $3,055.00 per year for 13.00 years into an account that earns 6.00%, The first deposit is made next year. He has $17,847.00 in his account today. How much will be in the account 45.00 years from today?
Derek will deposit $5,352.00 per year for 15.00 years into an account that earns 5.00%. Assuming the first deposit is made 7.00 years from today, how much will be in the account 30.00 years from today?
What is the value today of receiving $1,269.00 per year forever? Assume the first payment is made next year and the discount rate is 11.00%.
What is the value today of receiving $2,778.00 per year forever? Assume the first payment is made 5.00 years from today and the discount rate is 5.00%.
Suppose you deposit $2,775.00 into an account today that earns 8.00%. In 3.00 years the account will be worth $________.
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