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Derek decides that he needs $106,399.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $106399.0 on each birthday from

Derek decides that he needs $106,399.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $106399.0 on each birthday from his 66th to his 90.00th. How much will he need in his retirement account on his 65th birthday? Assume a interest rate of 5.00%.
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