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Derek currently has $14,880.00 in an account that pays 6.00%. He will withdraw $5,245.00 every other year beginning next year until he has taken 4.00
Derek currently has $14,880.00 in an account that pays 6.00%. He will withdraw $5,245.00 every other year beginning next year until he has taken 4.00 withdrawals. He will deposit $14880.0 every other year beginning two years from today until he has made 4.0 deposits. How much will be in the account 30.00 years from today? (Round to 4 decimal points.)
[Please show how to do this with a Finance Calculator, and NOT Excel. Thank you.]
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