Question: PLEASE ANSWER ALL #3 Derek will deposit $1,897.00 per year for 14.00 years into an account that earns 11.00%. Assuming the first deposit is made
PLEASE ANSWER ALL
#3
Derek will deposit $1,897.00 per year for 14.00 years into an account that earns 11.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 39.00 years from today?
#4
What is the value today of receiving $2,065.00 per year forever? Assume the first payment is made next year and the discount rate is 9.00%.
#5
What is the value today of receiving $2,155.00 per year forever? Assume the first payment is made 9.00 years from today and the discount rate is 10.00%.
#6
Suppose you deposit $2,609.00 into an account today that earns 15.00%. In 5.00 years the account will be worth $________.
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