Derek currently has $13,418.00 in an account that pays 4.00%. He will withdraw $5,981.00 every...
90.2K
Verified Solution
Link Copied!
Question
Finance
Derek currently has $13,418.00 in an account that pays 4.00%. He will withdraw $5,981.00 every other year beginning next year until he has taken 5.00 withdrawals. He will deposit $13418.0 every other year beginning two years from today until he has made 5.0 deposits. Exactly 20 years from today, he will deposit $23,365.00. How much will be in the account 23.00 years from today? 2 decimal places
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.