Derek currently has $11,714.00 in an account that pays 5.00%. He will withdraw $5,458.00 every other year beginning next year until he has taken 4.00 withdrawals. He will deposit $11714.0 every other year beginning two years from today until he has made 4.0 deposits. How much will be in the account 22.00 years from today?

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

Assume the real rate of interest is 4.00% and the inflation rate is 3.00%. What is the value today of receiving 11,104.00 in 15.00 years?

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