Derek will deposit $9,602.00 per year for 16.00 years into an account that earns 11.00%,...
80.2K
Verified Solution
Link Copied!
Question
Finance
Derek will deposit $9,602.00 per year for 16.00 years into an account that earns 11.00%, The first deposit is made next year. How much will be in the account 37.00 years from today?
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!