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Derek can deposit $11,000 on each birthday beginning with his 26 th and ending with his 65 th. What will the rate on the retirement
Derek can deposit $11,000 on each birthday beginning with his 26 th and ending with his 65 th. 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 65 th birthday? Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, \% sign required. Will accept decimal Attempts Remaining: Infinity format rounded to 6 decimal places (ex: 0.092434)) Derek can deposit $12,601.00 on each birthday beginning with his 27.00 th and ending with his 70.00 th. What will the rate on the retirement account need to be for him to have $3,164,056.00 in it when he retires? Answer format: Percentage Round to: 2 decimal places (Example: 9.24\%, \% sign required. Will accept decimal format Attempts Remaining: Infinity rounded to 4 decimal places (ex: 0.0924)) If Derek plans to deposit $10,877.00 into his retirement account on each birthday beginning with his 26 th and the account earns 6.00%, how long will it take him to accumulate $3,323,644.00 ? Answer format: Number: Round to: 2 decimal places. Attempts Remaining: Infinity Derek decides that he needs $192,801.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $192801.0 on each birthday from his 66 th to his 86.00 th. How much will he need in his retirement account on his 65 th birthday? Assume a interest rate of 6.00%. Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places
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