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Posted on Sep 03, 2024

Derek currently has $13,910.00 in an account that pays 5.00%. He will withdraw $5,129.00 every other year beginning next year until he has taken 8.00

Derek currently has $13,910.00 in an account that pays 5.00%. He will withdraw $5,129.00 every other year beginning next year until he has taken 8.00 withdrawals. He will deposit $13910.0 every other year beginning two years from today until he has made 8.0 deposits. How much will be in the account 28.00 years from today?

Answer format: Currency: Round to: 2 decimal places

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