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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

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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 wants to have $2,966,996.00 in his retirement 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 9.00% interest rate. Submit Answer format: Currency: Round to: 2 decimal places. Derek wants to withdraw $10,245.00 from his account 8.00 years from today and $12,872.00 from his account 13.00 years from today. He currently has $3,618.00 in the account. How much must he deposit each year for the next 13.0 years? Assume a 6.27% interest rate. His account must equal zero by year 13.0 but may be negative prior to that. Submit Answer format: Currency: Round to: 2 decimal places

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