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#18 Derek decides that he needs $167,084.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $167084.0 on each birthday

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#18 Derek decides that he needs $167,084.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $167084.0 on each birthday from his 66th to his 90.00th. How much will he need in his retirement account on his 65th birthday? Assume a interest rate of 5.00%. Submit Answer format: Currency: Round to: 2 decimal places. unanswered not submitted Attempts Remaining: Infinity

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