#3 If Derek plans to deposit $12,475.00 into his retirement account on each birthday beginning with his 26th and the account earns 7.00%, how long will it take him to accumulate $2,040,912.00? Submit Answer format: Number: Round to: 2 decimal places. unanswered not_submitted Attempts Remaining: Infinity #4 Derek decides that he needs $141,145.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $141145.0 on each birthday from his 66th to his 87.00th. How much will he need in his retirement account on his 65th birthday? Assume a interest rate of 6.00%