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#21 Derek decides that he needs $141,992.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $141992.0 on each birthday

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#21 Derek decides that he needs $141,992.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $141992.0 on each birthday from his 66th to his 88.00th. How much will he need in his retirement account on his 65th birthday? Assume a interest rate of 5.00% unanswered not_submitted Attempts Remaining: 3 Submit Answer format: Currency: Round to: 2 decimal places

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