1. Derek wants to withdraw $14,745.00 from his account 7.00 years from today and $12,154.00 from his account 11.00 years from today. He currently has $2,780.00 in the account. How much must he deposit each year for the next 11.0 years? Assume a 5.97% interest rate. His account must equal zero by year 11.0 but may be negative prior to that.

2. Derek currently has $11,808.00 in an account that pays 5.00%. He will withdraw $5,399.00 every other year beginning next year until he has taken 8.00 withdrawals. He will deposit $11808.0 every other year beginning two years from today until he has made 8.0 deposits. How much will be in the account 25.00 years from today?

3. Derek can deposit $231.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 13.00% and compounds interest monthly. Derek can deposit $2,497.00 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?