Question

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)

Answer #1

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

CF0 = 12146

C01 = -5311

F01 = 1

C02 = 12146

F02 = 1

C03 = -5311

F03 = 1

C04 = 12146

F04 = 1

C05 = -5311

F05 = 1

C06 = 12146

F06 = 1

C07 = -5311

F07 = 1

C08 = 12416

F08 = 1

C09 = -5311

F09 = 1

C10 = 12146

F10 = 1

C11 = -5311

F11 = 1

C12 = 12146

F12 = 1

C13 = -5311

F13 = 1

C14 = 12146

F14 = 1

Then press NPV, it will ask for I, put 4 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 $46437.63

Now to calculate FV

Put -46437.63 in PV

N = 29

I/Y = 4

PMT = 0

compute for FV

You will get the FV = $144822.77

He will have a total of $144822.77 in his account after 29 years from today.

Derek currently has $12,179.00 in an account that pays 5.00%. He
will withdraw $5,817.00 every other year beginning next year until
he has taken 4.00 withdrawals. He will deposit $12179.0 every other
year beginning two years from today until he has made 4.0 deposits.
How much will be in the account 29.00 years from today?
please show how to answer step by step using a financial
calculator

Derek currently has $14,522.00 in an account that pays 4.00%. He
will withdraw $5,748.00 every other year beginning next year until
he has taken 8.00 withdrawals. He will deposit $14522.0 every other
year beginning two years from today until he has made 8.0 deposits.
How much will be in the account 30.00 years from today?
PLEASE show how to do on financial calculator.

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.
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Please show steps with financial calculator if possible, if not
just the answer is fine

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?

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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 $5,156.00 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

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 $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?

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he has taken 8.00 withdrawals. He will deposit $13984.0 every other
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How much will be in the account 25.00 years from today?

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