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Derek plans to retire on his 6 5 th birthday. However, he plans to work part - time until he turns 7 4 . 0
Derek plans to retire on his th birthday. However, he plans to work
parttime until he turns During these years of parttime work, he
will neither make deposits to nor take withdrawals from his retirement
account. Exactly one year after the day he turns when he fully
retires, he will begin to make annual withdrawals of $ from his
retirement account until he turns He he will make contributions to
his retirement account from his th birthday to his th birthday. To
Infinity
reach his goal, what must the contributions be Assume a
interest rate.
Answer format: Currency: Round to: decimal places.
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