Question: Please show formula in excel or by hand Derek currently has $14,393.00 in an account that pays 5.00%. He will withdraw $5,851.00 every other year
Please show formula in excel or by hand
Derek currently has $14,393.00 in an account that pays 5.00%. He will withdraw $5,851.00 every other year beginning next year until he has taken 5.00 withdrawals. He will deposit $14393.0 every other year beginning two years from today until he has made 5.0 deposits. How much will be in the account 22.00 years from today?
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