Round all answers to the 2 decimal place a. Derek will deposit $5,859.00 per year for...

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Finance

Round all answers to the 2 decimal place

a. Derek will deposit $5,859.00 per year for 11.00 years into anaccount that earns 5.00%, The first deposit is made next year. Howmuch will be in the account 45.00 years from today?

b. Derek will deposit $1,907.00 per year for 18.00 years into anaccount that earns 11.00%, The first deposit is made next year. Hehas $15,588.00 in his account today. How much will be in theaccount 46.00 years from today?

c. Derek will deposit $1,880.00 per year for 15.00 years into anaccount that earns 13.00%. Assuming the first deposit is made 4.00years from today, how much will be in the account 30.00 years fromtoday?

d. What is the value today of receiving $2,416.00 per yearforever? Assume the first payment is made next year and thediscount rate is 15.00%.

e. What is the value today of receiving $2,740.00 per yearforever? Assume the first payment is made 7.00 years from today andthe discount rate is 12.00%.

f. Suppose you deposit $2,743.00 into an account today thatearns 14.00%. In 15.00 years the account will be worth$________.

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Round all answers to the 2 decimal placea. Derek will deposit $5,859.00 per year for 11.00 years into anaccount that earns 5.00%, The first deposit is made next year. Howmuch will be in the account 45.00 years from today?b. Derek will deposit $1,907.00 per year for 18.00 years into anaccount that earns 11.00%, The first deposit is made next year. Hehas $15,588.00 in his account today. How much will be in theaccount 46.00 years from today?c. Derek will deposit $1,880.00 per year for 15.00 years into anaccount that earns 13.00%. Assuming the first deposit is made 4.00years from today, how much will be in the account 30.00 years fromtoday?d. What is the value today of receiving $2,416.00 per yearforever? Assume the first payment is made next year and thediscount rate is 15.00%.e. What is the value today of receiving $2,740.00 per yearforever? Assume the first payment is made 7.00 years from today andthe discount rate is 12.00%.f. Suppose you deposit $2,743.00 into an account today thatearns 14.00%. In 15.00 years the account will be worth$________.

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