17&18

217 What discount rate would make you indifferent between receiving $3,035.00 per year forever and $5,046.00 per year for 24.00 years? Assume the first payment of both cash flow streams occurs in one year. Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. I accept decimal format rounded to 4 decimal places (ex: 0.0924 818 Derek decides that he needs $182,937.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw 5182937.0 on each birthday from his c6th to his 87.00th, How much will he need in his retirement account on his 65th birthday? Assume a interest rate of 6.00% Sum Answer formats Currency: Pound to: 2 decimal places