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Derek currently has $12,331.00 in an account that pays 4.00%. He will withdraw $5,691.00 every...

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Finance

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Derek currently has $12,331.00 in an account that pays 4.00%. He will withdraw $5,691.00 every other year beginning next year until he has taken 4.00 withdrawals. He will deposit $12331.0 every other year beginning two years from today until he has made 4.0 deposits. How much will be in the account 26.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. Derek can deposit $265.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 12.00% and compounds interest monthly. Derek can deposit $2,410,00 per year for the next 10 years into an account at Bank B. The first deposit will be made next year. Bank B compounds interest annually. What rate must Bank B pay for Derek to have the same amount in both accounts after 10 years? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) Assume the real rate of interest is 3.00% and the inflation rate is 4.00%. What is the value today of receiving 10,767.00 in 13.00 years? Submit Answer format: Currency: Round to: 2 decimal places

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