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Derek wants to withdraw $12,174.00 from his account 4.00 years from today and $13,962.00 from his account 15.00 years from today. He currently has $3,970.00
Derek wants to withdraw $12,174.00 from his account 4.00 years from today and $13,962.00 from his account 15.00 years from today. He currently has $3,970.00 in the account. How much must he deposit each year for the next 15.0 years? Assume a 6.00% interest rate. His account must equal zero by year 15.0 but maybe negative prior to that. PLEASE SHOW WORK
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