Derek decides that he needs 5121,638.00 per your in retirement to cover his living expenses. Therefore, he wants to withdraw $121648.0 oe each birthday from his 66 th to his 85.00 ch. How much wil he need in his retinement acceint on his fisth bithday? Assime a intereat rate of 5.0096. Answer formot: Currency: Round to: 2 docimal places. Derek plans to retire on his 65 th birthday. However, he plans to work part-time until he turns 74.00. Dunng therse years of part-lime woik, he will neither make deposits to nor take withdrawals trom his retirement aceount. Exactly one year atter the day he turns 74.0 when he fully retires, he will wants to have $2,740,243.00 in his retirement account. He he will make contributions to his retirement account from his 26 th bithday to his 65 th birthday. To reach his goat, what must the contributions be? Assume a. 4.00% interest rate