Question

Derek currently has $10,906.00 in an account that pays 6.00%. He will withdraw $5,571.00 every other year beginning next year until he has taken 6.00 withdrawals. He will deposit $10906.0 every other year beginning two years from today until he has made 6.0 deposits. How much will be in the account 22.00 years from today? WITH CALCULATOR

Answer #1

Solving using Financial calculator, Lets us first feed all the value in financial calculator

CF0 = 10906

C01 = -5571

F01 = 1

C02 = 10906

F02 = 1

C03 = -5571

F03 = 1

C04 = 10906

F04 = 1

C05 = -5571

F05 = 1

C06 = 10906

F06 = 1

C07 = -5571

F07 = 1

C08 = 10906

F08 = 1

C09 = -5571

F09 = 1

C10 = 10906

F10 = 1

C11 = -5571

F11 = 1

C12 = 10906

F12 = 1

Then press NPV, it will ask for I, put 6 and enter. press down arrow, and you will see NPV = 0.00. To get the present value of the cash flows, press CPT. We find that the present value is $31258.15

Now to calculate FV

Put -31258.15 in PV

N = 22

I/Y = 6

PMT = 0

compute for FV

You will get the FV = $112639.90

He will have a total of $112639.90 in his account after 22 years from today.

Derek currently has $14,222.00 in an account that pays 6.00%. He
will withdraw $5,045.00 every other year beginning next year until
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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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will withdraw $5,561.00 every other year beginning next year until
he has taken 6.00 withdrawals. He will deposit $13772.0 every other
year beginning two years from today until he has made 6.0 deposits.
How much will be in the account 27.00 years from today? Answer
format: Round to 2 decimal places

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will withdraw $5,856.00 every other year beginning next year until
he has taken 7.00 withdrawals. He will deposit $10925.0 every other
year beginning two years from today until he has made 7.0 deposits.
How much will be in the account 30.00 years from today?
Please show steps with financial calculator if possible, if not
just the answer is fine

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How much will be in the account 25.00 years from today?

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will withdraw $5,725.00 every other year beginning next year until
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year beginning two years from today until he has made 7.0 deposits.
How much will be in the account 27.00 years from today?

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will withdraw $5,725.00 every other year beginning next year until
he has taken 7.00 withdrawals. He will deposit $12640.0 every other
year beginning two years from today until he has made 7.0 deposits.
How much will be in the account 27.00 years from today?

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will withdraw $5,445.00 every other year beginning next year until
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year beginning two years from today until he has made 4.0 deposits.
How much will be in the account 23.00 years from today?

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will withdraw $5,724.00 every other year beginning next year until
he has taken 6.00 withdrawals. He will deposit $13976.0 every other
year beginning two years from today until he has made 6.0 deposits.
How much will be in the account 24.00 years from today?

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will withdraw $5,156.00 every other year beginning next year until
he has taken 6.00 withdrawals. He will deposit $11305.0 every other
year beginning two years from today until he has made 6.0 deposits.
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PLEASE show how to do on financial calculator.

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