Question

Derek will deposit $1,402.00 per year for 17.00 years into an account that earns 4.00%. The first deposit is made today. How much will be in the account 17.0 years from today? Note that he makes 17.0 total deposits.

Answer #1

**Answer-**

**Given**

**Amount deposited at the beginning of every year = PMT =
$ 1402 [ As the deposit is made today and not at the ending of the
year ]
Present value = PV = $ 0
Number of years = N = 17
Interest rate = I/Y = 4 %
Future value = FV = ? **

**Substtituting the values in financial calculator and
setting it in begin mode we get**

**Future value after 17 years = FV = $
34552.87 **

**Therefore the amount accumulated after 17 years = $
34552.87**

Derek will deposit $2,211.00 per year for 22.00 years into an
account that earns 8.00%. The first deposit is made today. How much
will be in the account 22.0 years from today? Note that he makes
22.0 total deposits.
Answer format: Currency: Round to: 2
decimal places.

1.Derek will deposit $3,788.00 per year for 14.00 years into an
account that earns 12.00%. Assuming the first deposit is made 6.00
years from today, how much will be in the account 33.00 years from
today?
2.Derek will deposit $6,480.00 per year for 11.00 years into an
account that earns 8.00%, The first deposit is made next year. He
has $12,685.00 in his account today. How much will be in the
account 43.00 years from today?

derek will deposit $1415.00 per year for 19 years into an
account that earns 13%. The first deposit is made next year. He has
$13950 in his account today. How much will be in the account 35
years from today

Derek will deposit $6,745.00 per year for 11.00 years into an
account that earns 10.00%, The first deposit is made next year. He
has $16,340.00 in his account today. How much will be in the
account 40.00 years from today?

derek will deposit $2449 per year for 21 years into an account that
earns 8% , the first deposit is made next year. He has $12,960 in
his account today .How much will be in the account 43 years from
today ?

Derek will deposit $6,593.00 per year for 26.00 years into an
account that earns 14.00%, The first deposit is made next year. He
has $12,195.00 in his account today. How much will be in the
account 49.00 years from today?
Answer format: Currency: Round to: 2 decimal places.

Derek will deposit $5,760.00 per year for 11.00 years into an
account that earns 6.00%, The first deposit is made next year. How
much will be in the account 42.00 years from today?

Derek will deposit $3,147.00 per year for 18.00 years into an
account that earns 11.00%, The first deposit is made next year. How
much will be in the account 37.00 years from today?

Derek will deposit $3,269.00 per year for 13.00 years into an
account that earns 8.00%. Assuming the first deposit is made 6.00
years from today, how much will be in the account 32.00 years from
today?

Derek will deposit $4,576.00 per year for 15.00 years into an
account that earns 10.00%. Assuming the first deposit is made 6.00
years from today, how much will be in the account 37.00 years from
today?

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