Question: # #2 Derek will deposit $1,157.00 per year for 26.00 years into an account that earns 4.00%. The first deposit is made next year. How

# #2 Derek will deposit $1,157.00 per year for 26.00 years into an account that earns 4.00%. The first deposit is made next year. How much will be in the account 26.0 years from today? unanswered Submit not_submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places. #8 unanswered Derek will deposit $4,078.00 per year for 20.00 years into an account that earns 5.00%. The first deposit is made next year. How much will be in the account 33.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. not_submitted Attempts Remaining: Infinity #4 Derek will deposit $2,922.00 per year for 19.00 years into an account that earns 13.00%. The first deposit is made today. How much will be in the account 19.0 years from today? Note that he makes 19.0 total deposits. unanswered Submit not_submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places. #5 Derek will deposit $1,109.00 per year into an account starting today and ending in year 14.00. The account that earns 13.00%. How much will be in the account 14.0 years from today? Submit unanswered not submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places. #6 Derek has the opportunity to buy a money machine today. The money machine will pay Derek $47,605.00 exactly 9.00 years from today. Assuming that Derek believes the appropriate discount rate is 6.00%, how much is he willing to pay for this money machine? unanswered not submitted Submit Attempts Remaining: Infinity
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
