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PLEASE I NEED THE FINAL ANSWERS FOR ALL THE QUESTIONS. NO EXPLANATION NEEDED PLEASE TAKE YOUR TIME. IF YOU CAN'T ANSWER ALL OF THEM. LEAVE
PLEASE I NEED THE FINAL ANSWERS FOR ALL THE QUESTIONS. NO EXPLANATION NEEDED
PLEASE TAKE YOUR TIME.
IF YOU CAN'T ANSWER ALL OF THEM. LEAVE THEM FOR SOMEONE ELSE TO ANSWER
THANK YOU
#3 Derek currently has $11,713.00 in an account that pays 4.00%. He will withdraw $5,476.00 every other year beginning next year until he has taken 5.00 withdrawals. He will deposit $11713.0 every other year beginning two years from today until he has made 5.0 deposits. How much will be in the account 28.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. #4 Derek can deposit $277.00 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 $2,432.00 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? Submit 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)) #5 Assume the real rate of interest is 3.00% and the inflation rate is 5.00%. What is the value today of receiving 11,765.00 in 14.00 years? Submit Answer format: Currency: Round to: 2 decimal placesStep by Step Solution
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