How to compute on BAII Plus?
Derek currently has $10,417.00 in an account that pays 6.00%. He will withdraw $5,777.00 every other year beginning next year until he has taken 7.00 withdrawals. He will deposit $10417.0 every other year beginning two years from today until he has made 7.0 deposits. How much will be in the account 27.00 years from today? Answer format: Currency: Round to: 2 decimal places. Derek can deposit $242.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 15.00% and compounds interest monthly. Derek can deposit $2,466.00 per year for the next 10 years into an account at Bank B. The first 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 10 years? 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 currently has $10,417.00 in an account that pays 6.00%. He will withdraw $5,777.00 every other year beginning next year until he has taken 7.00 withdrawals. He will deposit $10417.0 every other year beginning two years from today until he has made 7.0 deposits. How much will be in the account 27.00 years from today? Answer format: Currency: Round to: 2 decimal places. Derek can deposit $242.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 15.00% and compounds interest monthly. Derek can deposit $2,466.00 per year for the next 10 years into an account at Bank B. The first 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 10 years? 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))