1- Derek wants to withdraw $14,603.00 from his account 3.00 years from today and $12,349.00 from his account 14.00 years from today. He currently has $3,898.00 in the account. How much must he deposit each year for the next 14.0 years? Assume a 6.72% interest rate. His account must equal zero by year 14.0 but may be negative prior to that.

2- Assume a bank offers an effective annual rate of 6.57%. If compounding is monthly what is the APR?