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Please dont use excel Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 71.00. During these years

Please dont use excel

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Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 71.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 71.0 when he fully retires, he will begin to make annual withdrawals of $161,407.00 from his retirement account until he turns 87.00. He he will make contributions to his retirement account from his 26th birthday to his 65 th birthday. To reach his goal, what must the contributions be? Assume a 9.00% interest rate. Answer format: Currency: Round to: 2 decimal places. Attempts Remaining: Infinity Derek plans to retire on his 65 th birthday. However, he plans to work part-time until he turns 74.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 74.0 when he fully retires, he will begin to make annual withdrawals of $157,936.00 from his retirement account until he turns 88.00. After this final withdrawal, he wants $1.89 million remaining in his account. He he will make contributions to his retirement account from his 26th birthday to his 65 th birthday. To reach his goal, what must the contributions be? Assume a 4.00% interest rate. Answer format: Currency: Round to: 2 decimal places

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