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Derek plans bretire on His 65th birthday. However, he plans to work part-time until he turns 74.00. During these years of part-lime work, he will

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Derek plans bretire on His 65th birthday. However, he plans to work part-time until he turns 74.00. During these years of part-lime work, he will neither make deposits to nor lake withdrawals from his retirement account. Exactly one year after the day he turns 74.0 when he fully retires, he will begin to make annual withdrawals of $113,456.00 from his retirement account until he tums 91.00. He he will make contributions to his retirement account from his 26th birthday to his 65th birthday. To reach his goal. What must the contributions be? Assume a 6.00% Interest rate. Submit Answer format: Currency Round to: 2 decimal places

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