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Posted on Sep 04, 2024

Derek currently has $10,664.00 in an account that pays 4.00%. He will withdraw $5,589.00 every other year beginning next year until he has taken 6.00

Derek currently has $10,664.00 in an account that pays 4.00%. He will withdraw $5,589.00 every other year beginning next year until he has taken 6.00 withdrawals. He will deposit $10664.0 every other year beginning two years from today until he has made 6.0 deposits. How much will be in the account 30.00 years from today?

Answer format: Currency: Round to: 2 decimal places.

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