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Today is Derek's 25 th birthday. Derek has been advised that he needs to have $2,761,308.00 in his retirement account the day he tums 65

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Today is Derek's 25 th birthday. Derek has been advised that he needs to have $2,761,308.00 in his retirement account the day he tums 65 . He estimates his retirement account will pay 5.00% interest. Assume he chooses not to deposit anything today. Rather he chooses to make annual deposits into the retirement account starting on his 28.00 th Attempts Remaining: birthday and ending on his 65 th birthday. How much must those Infinity deposits be? Answer format: Currency: Round to: 2 decimal places

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