Question

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?

Answer #1

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 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 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 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 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 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 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 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 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 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

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 29 minutes ago

asked 56 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 2 hours ago

asked 2 hours ago

asked 2 hours ago

asked 3 hours ago

asked 3 hours ago

asked 3 hours ago