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Derek wants to withdraw $14,097.00 from his account 5.00 years from today and $12,678.00 from his account 10.00 years from today. He currently has $2,149.00
Derek wants to withdraw $14,097.00 from his account 5.00 years from today and $12,678.00 from his account 10.00 years from today. He currently has $2,149.00 in the account. How much must he deposit each year for the next 10.0 years? Assume a 5.99% interest rate. His account must equal zero by year 10.0 but may be negative prior to that.
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