Question: Derek will deposit $ 3 , 8 1 9 . 0 0 per year for 1 2 . 0 0 years into an account that

Derek will deposit $3,819.00 per year for 12.00 years into an account that earns 5.00%. Assuming the first deposit is made 4.00 years from today, how much will be in the account 36.00 years from today?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Chapter 12(a) Extra Present & Future Value Problems 1. fl want $500,000 in 10 years, how much must I deposit today, assuming an 8% interest rater 2. Tam going to receive $15,000 a year for the next...

Q:

Chapter 12(a) Extra Present & Future Value Problems 1. fl want $500,000 in 10 years, how much must I deposit today, assuming an 8% interest rater 2. Tam going to receive $15,000 a year for the next...

Q:

annswer all the question from Q3 to Q9 3. You plan to retire in 20 years. Is it better for you to save $25,000 a year for the last 10 years before retirement or $15,000 for each of the 20 years? You...

Q:

Q3 to Q9 3. You plan to retire in 20 years. Is it better for you to save $25,000 a year for the last 10 years before retirement or $15,000 for each of the 20 years? You are able to earn 10 percent...

Q:

Answer all questions correctly (d) In a busy factory that uses perishable goods, all raw material delivered to the factory in a day must be processed that very day. In case many deliveries are...

Q:

Here is full project, i cant show you full picture because my screen is small for that i divide on two screens. Please i need your help . I'm pray!! help me please with that work. I get problem to...

Q:

can someone help with this question please ? let me know if i can add information to help! i have uploaded the tax tables. UK tax. i need it in UK tax law, not foreign??! i have provided the UK tax...

Q:

Could somebody please help? I have no idea what I'm doing. Thanks! If possible, please include the formulas! nderstand how to use EXCEL Spreadsheet 10 (a) Develop proforma Income Statement Using...

Q:

Udle REVIEW VIEW TIC Search === Wrap Text AutoSum Merge & Center - $ % , Conditional Format as Formatting Table Styles Cell Styles Insert Delete Format Clear Sort & Filter Alignment Number Cells...

Q:

GBS221 - Exam III Chapter 9-10-12-14 Exam III Data Set for Problems 20 to 24 Company Employees Revenue $mil Sprint Chase Manhattan Computer Sciences Wells Fargo Sunbeam CBS Time Warner Steelcase...

Q:

Which of the following are true about RPA? A. For security reasons, should never be used in a TPS. B. The robot is configured to complete the same process steps,follow the business rules, and use the...

Q:

Describe the electronic structure of each of the following, using molecular orbital theory. Calculate the bond order of each and decide whether it should be stable. For each, state whether the...

Q:

In a corporation, this type of stock has priority over holders of common stock as to dividends and payment upon dissolution. A . priority stock B . split stock C . general stock D . preferred stock

Q:

2023 1040 form 1.Phillip and Claire are married and file a joint return. Phillip is self-employed as a real estate agent, and Claire is a flight attendant. Phillip and Claire have three dependent...