1. Derek wants to withdraw $12,424.00 from his account 5.00 years from today and $12,469.00 from his account 11.00 years from today. He currently has $3,967.00 in the account. How much must he deposit each year for the next 11.0 years? Assume a 6.98% interest rate. His account must equal zero by year 11.0 but may be negative prior to that.

Answer Format: Currency: Round to: 2 decimal places.

2. Derek currently has $13,919.00 in an account that pays 6.00%. He will withdraw $5,788.00 every other year beginning next year until he has taken 5.00 withdrawals. He will deposit $13919.0 every other year beginning two years from today until he has made 5.0 deposits. How much will be in the account 30.00 years from today?

Answer Format: Currency: Round to: 2 decimal places.