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#28 Derek wants to withdraw $14,612.00 from his account 6.00 years from today and $13,072.00 from his account 10.00 years from today. He currently has
#28 Derek wants to withdraw $14,612.00 from his account 6.00 years from today and $13,072.00 from his account 10.00 years from today. He currently has $3,524.00 in the account. How much must he deposit each year for the next 10.0 years? Assume a 5.58% interest rate. His account must equal zero by year 10.0 but may be negative prior to that. Submit Answer format: Currency: Round to: 2 decimal places. unanswered not_submitted Attempts Remaining: 3 #29 Derek can deposit $257.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 15.00% and compounds interest monthly. Derek can deposit $2,508.00 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
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