Derek will deposit $865.00 per year into an account starting today and ending in year...

50.1K

Verified Solution

Question

Finance

Derek will deposit $865.00 per year into an account starting today and ending in year 8.00. The account that earns 12.00%. How much will be in the account 8.0 years from today?
Answer format: currency round to 2 decimal spaces

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students