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Derek wants to withdraw $11,882.00 from his account 7.00 years from today and $12,585.00 from his account 14.00 years from today. He currently has $2,740.00
Derek wants to withdraw $11,882.00 from his account 7.00 years from today and $12,585.00 from his account 14.00 years from today. He currently has $2,740.00 in the account. How much must he deposit each year for the next 14.0 years? Assume a 5.79% interest rate. His account must equal zero by year 14.0 but may be negative prior to that. Answer format: Currency: Round to: 2 decimal places
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