Question: PLEASE SHOW SHOW TO DO USING TVM CALCULATOR Derek can deposit $ 2 6 7 . 0 0 per month for the next 1 0

PLEASE SHOW SHOW TO DO USING TVM CALCULATOR
Derek can deposit $267.00 per month for the next 10 years into an account at Bank A. The first
deposit will be made next month. Bank A pays 15.00% and compounds interest monthly. Derek
can deposit $2,566.00 per year for the next 10 years into an account at Bank B. The first deposit
will be made next year. Bank B compounds interest annually. What rate must Bank B pay for
Derek to have the same amount in both accounts after 10 years?
Derek currently has $14,422.00 in an account that pays 6.00%. He will withdraw $5,952.00 every
other year beginning next year until he has taken 6.00 withdrawals. He will deposit $14422.0
every other year beginning two years from today until he has made 6.0 deposits. How much will
be in the account 30.00 years from today?
Derek wants to withdraw $10,560.00 from his account 6.00 years from today and $12,735.00
from his account 13.00 years from today. He currently has $3,012.00 in the account. How much
must he deposit each year for the next 13.0 years? Assume a 6.95% interest rate. His account
must equal zero by year 13.0 but may be negative prior to that.
 PLEASE SHOW SHOW TO DO USING TVM CALCULATOR Derek can deposit

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