1. Derek can deposit $272.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 14.00% and compounds interest monthly. Derek can deposit $2,542.00 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?

2.Derek currently has $11,509.00 in an account that pays 5.00%. He will withdraw $5,918.00 every other year beginning next year until he has taken 7.00 withdrawals. He will deposit $11509.0 every other year beginning two years from today until he has made 7.0 deposits. How much will be in the account 30.00 years from today?