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please show steps. thank you #5 unanswered Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 75.00.
please show steps. thank you
#5 unanswered Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 75.00. 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 75.0 when he fully retires, he will wants to have $2,833,594.00 in his retirement account. He he will make contributions to his retirement account from his 26th birthday to his 65th birthday. To reach his goal, what must the contributions be? Assume a 9.00% interest rate. not_submitted Attempts Remaining: Infinity Submit Answer format: Currency: Round to: 2 decimal placesStep by Step Solution
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