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Derek currently has $10,456.00 in an account that pays 6.00%. He will withdraw $5,531.00 every other year beginning next year until he has taken 7.00
Derek currently has $10,456.00 in an account that pays 6.00%. He will withdraw $5,531.00 every other year beginning next year until he has taken 7.00 withdrawals. He will deposit $10456.0 every other year beginning two years from today until he has made 7.0 deposits. Exactly 20 years from today, he will deposit $24,355.00. How much will be in the account 27.00 years from today?
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