Question: What is the future value exactly one year after the last deposit of 40 annual deposits of $2,000 per year (first deposit to be

What is the future value exactly one year after the last deposit of 40 annual deposits of $2,000 per year (first deposit to be made today) given an interest rate of 10.8% p.a.? Assume that Justin plans to deposit $15,000 into an account exactly 7 years from today. How much will be in my account at the end of year 50 (i.e., 50 years from today), assuming that Justin's account pays interest of 11.5% p.a.? Krammer Bank offers a CD (i.e., certificate of deposit) that pays 2.55% p.a., but with monthly compounding. If Lebron deposits $20,000 into this account today, how much will he have in his account in exactly 28 years?

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