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Derek can deposit $16,687.00 on each birthday beginning with his 27.00th and ending with his 65.00th. What will the rate on the retirement account need
Derek can deposit $16,687.00 on each birthday beginning with his 27.00th and ending with his 65.00th. What will the rate on the retirement account need to be for him to have $3,820,494.00 in it when he retires?
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
Please show all steps or what to put into the financial calculator (not excel)
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