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Derek wants to withdraw $14,670.00 from his account 3.00 years from today and $13,898.00 from his account 15.00 years from today. He currently has $3,221.00
Derek wants to withdraw $14,670.00 from his account 3.00 years from today and $13,898.00 from his account 15.00 years from today. He currently has $3,221.00 in the account. How much must he deposit each year for the next 15.0 years? Assume a 5.33% interest rate. His account must equal zero by year 15.0 but may be negative prior to that. Submit Answer format: Currency: Round to: 2 decimal places. Show Hint
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