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a. Derek can deposit $11,000 on each birthday beginning with his 26th and ending with his 65th. What will the rate on the retirement account

a. Derek can deposit $11,000 on each birthday beginning with his 26th and ending with his 65th. What will the rate on the retirement account need to be for him to have $3,000,000 in it when he retires on his 65th birthday?

b. Derek can deposit $11,157.00 on each birthday beginning with his 28.00th and ending with his 69.00th. What will the rate on the retirement account need to be for him to have $3,168,894.00 in it when he retires?

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