ps5 3

Derek will deposit $2,082.00 per year for 16.00 years into an account that earns 6.00%. The first deposit is made today. How much will be in the account 16.0 years from today? Note that he makes 16.0 total deposits.

Derek will deposit $2,855.00 per year into an account starting today and ending in year 8.00. The account that earns 5.00%. How much will be in the account 8.0 years from today?