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Derek currently has $10,363.00 in an account that pays 6.00%. He will withdraw $5,412.00 every other year beginning next year until he has taken 6.00

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Derek currently has $10,363.00 in an account that pays 6.00%. He will withdraw $5,412.00 every other year beginning next year until he has taken 6.00 withdrawals. He will deposit $10363.0 every other year beginning two years from today until he has made 60 deposits. How much will be in the account 22.00 years from today? Submit Answer format: Currency: Round to 2 decimal places Derek can deposit $225.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month Bank A pays 15.00% and compounds interest monthly. Derek can deposit $2,401:00 per year for the next 10 years into an account at Bank B. The first deposit will be made next year. Bank B compounds interest annually. What rate must Bank B pay for Derek to have the same amount in both accounts after 10 years? Submit Answer format: Percentage Round to: 4 decimal places (Example 9.2434% % sign required We accept decimal format rounded to 6 decimal places (ex: 0 092434))

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