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Derek wants to withdraw $12,560.00 from his account 7.00 years from today and $13,515.00 from his account 10.00 years from today. He currently has $3,385.00
Derek wants to withdraw $12,560.00 from his account 7.00 years from today and $13,515.00 from his account 10.00 years from today. He currently has $3,385.00 in the account. How much must he deposit each year for the next 10.0 years? Assume a 6.92% interest rate. His account must equal zero by year 10.0 but may be negative prior to that. Answer format: Currency: Round to: 2 decimal places
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