Question

Derek will deposit $4,641.00 per year for 28.00 years into an account that earns 14.00%. The first deposit is made next year. How much will be in the account 28.0 years from today?

**Answer format:** Currency: Round to: 2
decimal places.

Answer #1

Periodic yearly deposit commencing at the end of each period = $4641

Calculating the Future Value at the end of year 28:-

Where, C= Periodic Payments = $4641

r = Periodic Interest rate = 14%

n= no of periods = 28

**Future Value = $1266,478.93**

**So, amount will be in the account 28.0 years from today
is $1266,478.93**

*If you need any clarification, you can ask in
comments. *

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Answer format: Currency: Round to: 2 decimal places.

Derek will deposit $9,231.00 per year for 30.00 years into an
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Answer format: Currency: Round to: 2
decimal places

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Answer format: Currency: Round to: 2
decimal places.

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Answer format: Currency: Round to: 2
decimal places.

1. Complete the following questions on your previous unit 1.5
(a-c)
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$3,237.00 per year for 28.00 years? Assume the first payment is
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rate is 14.00%.
Answer format: Currency: Round to: 2
decimal places.
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Derek will deposit $1,897.00 per year for 14.00 years into an
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years from today, how much will be in the account 39.00 years from
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#4
What is the value today of receiving $2,065.00 per year forever?
Assume the first payment is made next year and the discount rate is
9.00%.
#5
What is the value today of receiving $2,155.00 per year forever?
Assume the...

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Answer format: Currency: Round to: 2
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