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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

image text in transcribed 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))

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