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Please use a finance calculator for the imputs. Thank you! Derek plans to retire on his 65 th birthday. However, he plans to work parttime
Please use a finance calculator for the imputs. Thank you!
Derek plans to retire on his 65 th birthday. However, he plans to work parttime until he turns 72.00. 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 72.0 when he fully retires, he will wants to have $3,382,801.00 in his retirement 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 5.00% interest rate Answer format: Currency. Round to: 2 decimal places Step by Step Solution
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