Question

Derek currently has $12,640.00 in an account that pays 6.00%. He will withdraw $5,725.00 every other...

Derek currently has $12,640.00 in an account that pays 6.00%. He 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?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Derek currently has $12,640.00 in an account that pays 6.00%. He will withdraw $5,725.00 every other...
Derek currently has $12,640.00 in an account that pays 6.00%. He 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?
Derek currently has $10,925.00 in an account that pays 6.00%. He will withdraw $5,856.00 every other...
Derek currently has $10,925.00 in an account that pays 6.00%. He 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
Derek currently has $13,772.00 in an account that pays 6.00%. He will withdraw $5,561.00 every other...
Derek currently has $13,772.00 in an account that pays 6.00%. He 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
Derek currently has $10,906.00 in an account that pays 6.00%. He will withdraw $5,571.00 every other...
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
Derek currently has $14,222.00 in an account that pays 6.00%. He will withdraw $5,045.00 every other...
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 he has taken 5.00 withdrawals. He will deposit $14222.0 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?
Derek currently has $13,984.00 in an account that pays 6.00%. He will withdraw $5,752.00 every other...
Derek currently has $13,984.00 in an account that pays 6.00%. He will withdraw $5,752.00 every other year beginning next year until he has taken 8.00 withdrawals. He will deposit $13984.0 every other year beginning two years from today until he has made 8.0 deposits. How much will be in the account 25.00 years from today?
Derek currently has $11,449.00 in an account that pays 6.00%. He will withdraw $5,445.00 every other...
Derek currently has $11,449.00 in an account that pays 6.00%. He will withdraw $5,445.00 every other year beginning next year until he has taken 4.00 withdrawals. He will deposit $11449.0 every other 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?
Derek currently has $13,976.00 in an account that pays 5.00%. He will withdraw $5,724.00 every other...
Derek currently has $13,976.00 in an account that pays 5.00%. He 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?
Derek currently has $12,146.00 in an account that pays 4.00%. He will withdraw $5,311.00 every other...
Derek currently has $12,146.00 in an account that pays 4.00%. He will withdraw $5,311.00 every other year beginning next year until he has taken 7.00 withdrawals. He will deposit $12146.0 every other year beginning two years from today until he has made 7.0 deposits. How much will be in the account 29.00 years from today? (ONLY ANSWER IF YOU DO NOT USE EXCEL, NEED INPUTS TO PUT INTO FINANCIAL CALCULATOR AND STEP BY STEP INSTRUCTIONS)
Derek currently has $11,305.00 in an account that pays 4.00%. He will withdraw $5,156.00 every other...
Derek currently has $11,305.00 in an account that pays 4.00%. He 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. How much will be in the account 30.00 years from today? round answer 2 decimal places