Question: plz answer both #4 + Derek can deposit $206.00 per month for the next 10 years into an account at Bank A. The first deposit

plz answer both #4 + Derek can deposit $206.00 per month for plz answer both

#4 + Derek can deposit $206.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 12.00% and compounds interest monthly. Derek can deposit $2,456.00 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? unanswered not_submitted Attempts Remaining: Infinity Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434) #5 + Assume the real rate of interest is 4.00% and the inflation rate is 6.00%. What is the value today of receiving 12,695.00 in 11.00 years? unanswered Submit not_submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places

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!

Derek can deposit $206.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 14.00% and compounds interest monthly. Derek can deposit...

#4 Derek can deposit $297.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 13.00% and compounds interest monthly. Derek can deposit...

Derek can deposit $273.00 per month for the next 10 years intoan account at Bank A. The first deposit will be made next month.Bank A pays 14.00% and compounds interest monthly. Derek candeposit $2, 2...

B Derek currently has $12,382.00 in an account that pays 5.00%. He will withdraw $5,008.00 every other year beginning next year until he has taken 5.00 withdrawals. He will deposit $12382.0 every...

please answer fast . thanks Derek can deposit $261.00 per month for the next 10 years into an account at Bank A The first deposit will be made next month Bank A pays 13.00% and compounds interest...

PLEASE I NEED THE FINAL ANSWERS FOR ALL THE QUESTIONS. NO EXPLANATION NEEDED PLEASE TAKE YOUR TIME. IF YOU CAN'T ANSWER ALL OF THEM. LEAVE THEM FOR SOMEONE ELSE TO ANSWER THANK YOU #3 Derek currently...

Please help me with number 3 & 4 3 Derek currently has $10,493.00 in an account that pays 4.00%. He will withdraw $5,683.00 every other year beginning next year until he has taken 7.00 withdrawals....

#3 Derek currently has $13,841.00 in an account that pays 6.00%. He will withdraw $5,060.00 every other year beginning next year until he has taken 4.00 withdrawals. He will deposit $13841.0 every...

Derek currently has $12,331.00 in an account that pays 4.00%. He will withdraw $5,691.00 every other year beginning next year until he has taken 4.00 withdrawals. He will deposit $12331.0 every other...

1. There are many threats to information security. Find two other sources of information on threats and summarize what you learned. Be sure to be specific and identify key items you want others to...

The inventory system whereby tahe merchandise inventory account balance is merely a record of the most recent physical inventory count is called LIFO perpetual FIFO periodic

The publisher of a book sells to retailers on the following terms: Cash: 2 5 % below published price, charging for 1 3 copies as 1 2 . 6 months credit: 2 9 % below published price. Calculate the...

Declaration statements O give a name to variables or constants and specify the type of data held o both B and C are correct O are only used for variables and are not needed for constants o are only...

7. True or False. The MB = MC level of immigration is likely to be achieved if we simply let in every person who wishes to immigrate to the United States. LO25.5

LO26.2 Define comparative advantage and demonstrate how specialization and trade add to a nations output.

5. Migration between North Korea and South Korea has been prohibited since the end of the Korean War in 1953. South Korea is now much richer than North Korea and has a much higher marginal product of...