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PS 9 - graded Due: Friday, January 31, 2020, at 11:59:59 PM EST View List Unanswered Answered Derek plans to retire on his 65th birthday.

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PS 9 - graded Due: Friday, January 31, 2020, at 11:59:59 PM EST View List Unanswered Answered 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 begin to make annual withdrawals of $124.207.00 from his retirement account until he turns 93.00. 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 10.00% interest rate. unanswered not_submitted Attempts Remaining: Infinity Submit Answer format: Currency: Round to 2 decimal places unanswered Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 70.00. 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 70.0 when he fully retires, he will begin to make annual withdrawals of $113,147.00 from his retirement account until he turns 94.00. After this final withdrawal, he wants $1.69 million remaining in his 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 places. Points: 075 @ Grade: 0 % Progress: 0% Hide O . O e here to search o f 9

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