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Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 72.00. During these years of part-time work, he

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Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 72.00. During these years of part-time work, he will neither make deposits to not take withdrawals from his retirement account. Exactly one year after the day he tums 72.0 when he fully retires, he will wants to have 3,101,411.00 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 10.00% interest rate. Submit Answer format: Currency: Round to 2 decimal places 14 Derek borrows $315,880,00 to buy a house. He has a 30-year mortgage with a rate of 5 21%. After making 121.00 payments, how much does he owe on the mortgage? Submit Answer format: Currency Round to: 2 decimal places

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