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Derek wants to withdraw $10,044.00 from his account 7.00 years from today and $13,822.00 from his account 13.00 years from today. He currently has $2,966.00
Derek wants to withdraw $10,044.00 from his account 7.00 years from today and $13,822.00 from his account 13.00 years from today. He currently has $2,966.00 in the account. How much must he deposit each year for the next 13.0 years? Assume a 6.72% interest rate. His account must equal zero by year 13.0 but may be negative prior to that.
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