Question: I need help please explain with BAII PLUS STEP USED. #1 Derek will deposit $4,926.00 per year for 29.00 years into an account that earns
I need help please explain with BAII PLUS STEP USED.
#1 Derek will deposit $4,926.00 per year for 29.00 years into an account that earns 13.00%, The first deposit is made next year. How much will be in the account 38.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. #2 Derek will deposit $2,786.00 per year for 19.00 years into an account that earns 11.00%, The first deposit is made next year. He has $13,300.00 in his account today. How much will be in the account 47.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. #3 Derek will deposit $4,031.00 per year for 9.00 years into an account that earns 12.00%. Assuming the first deposit is made 4.00 years from today, how much will be in the account 40.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places
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