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Derek wants to withdraw $13,159.00 from his account 8.00 years from today and $12,835.00 from his account 15.00 years from today. He currently has $2,194.00
Derek wants to withdraw $13,159.00 from his account 8.00 years from today and $12,835.00 from his account 15.00 years from today. He currently has $2,194.00 in the account. How much must he deposit each year for the next 15.0 years? Assume a 6.76% interest rate. His account must equal zero by year 15.0 but may be negative prior to that. Round 2 decimal places
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