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Hello can I please get help on these 2 homework questions? Thank you Derek currently has $12,589.00 in an account that pays 5.00% He will
Hello can I please get help on these 2 homework questions? Thank you
Derek currently has $12,589.00 in an account that pays 5.00% He will withdraw $5.994.00 every other year beginning next year until he has taken 5.00 withdrawals. He will deposit $12589 0 every other year beginning two years from today until he has made 5.0 deposits. How much will be in the account 25.00 years from today? Submit Answer format: Currency: Round to 2 decimal places Derek can deposit $286.00 per month for the next 10 years into an account at Banka The first deposite will be made next month Bank A pays 15.00% and compounds interest monthly Derek can deposit $2.608.00 per year for the next 10 years into an account at Bank BThe arst deposit will be made next year Bank B compounds Interest annually What rate must Bank B pay for Derek to have the same amount in both accounts after to years Submit Answer format: Percentage Round to 4 deomal places (Example 9.2434%, sign required Wi accede decima formar rounded to 6 decimal places (ex 0.092434))Step by Step Solution
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