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Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 72.00. During these years of part-time work, he

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Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 72.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 72.0 when he fully retires, he will begin to make annual withdrawals of $128,308.00 from his retirement account until he turns 94.00. 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 9.00% interest rate. Submit Answer format: Currency: Pound to: 2 decimal places. wered not submitted Attempts Romaining: Infinity 12 Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 75.00. During these years of part-time work he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 75.0 when he fully retires, he will begin to make annual withdrawals of $174,680.00 from his retirement account until he turns 85.00. After this final withdrawal, he wants $1.72 million remaining in his account. 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 4.00% interest rate Submit Answer format: Currency: Round to: 2 decimal places. unawered not submitted Attempts Remaining: Infinity

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