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Please use a financial calculator to solve this. Thank you! Derek plans to fetre ca his 65 th bethday However, he plins to work part
Please use a financial calculator to solve this. Thank you!
Derek plans to fetre ca his 65 th bethday However, he plins to work part time unti he furns 7000 During these years of part-tirse work, tye will neither make deposits to nor take withdrawals from his retirement account Exactly one year after the day he tums 700 when he fuly refies, the will begn to make annial withdrawals of $198,227.00 from his retirement account unth he tums 9400 . He he wil make contrbutions to hs relitement account from his 20 th bithidy to his 650 . bethary To reach his goal what must the contributions bo? Assume a 1000% interest rale. Attempts Remainung infinity Answer formar: Currency. Rochad to 2 docimal paces part time woik, ho wie nethear thwe deposis to nor take withdrawas from his tetiremont account Exacty one yoar ather the day he tums 74.6 when he fuly redeos, he will wants to have $2,603,31400 in frs fetremerd account lie he wil condrbutions te? Assume a 700% intecest rale. Allempts femaining Infinidy Step by Step Solution
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