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Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 73.00. 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 73.00. 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 73.0 when he fully retires, he will begin to make annual withdrawals of $108,798.00 from his retirement account until he turns 87.00. 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. not Attempts Remainin Submit Answer format: Currency: Round to: 2 decimal places. 2 not su 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 $134,421.00 from dis retirement account until he turns 94.00. After this final withdrawal, he wants $1.28 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. Attempts Remaining Submit Answer format: Currency: Round to: 2 decimal places. 3 G A bank offers 6.00% on savings accounts. What is the effective annual rate if interest is compounded semi-annually? werd Submit not submitted Attempts Remaining: Infinity Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434) 14 A bank offers 4.00% on savings accounts. What is the effective annual rate if interest is compounded quarterly? not submitted Submit Attempts Remaining: Infinity Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. W accept decimal format rounded to 6 decimal places (ex: 0.092434) 35 A bank offers 10.00% on savings accounts. What is the effective annual rate if interest is compounded monthly? und not submitted Sulimit Attempts Remaining: Infinity Answer format: Percentage found to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

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