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Rate on the retirement account

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-Derek can deposit $11,000 on each birthday beginning with his 26th and ending with his 65th. What will the rate on the retirement account need to be for him to have $3,000,000 in it when he retires on his 65th birthday? Round 4 Decimal Places

-Derek can deposit $19,888.00 on each birthday beginning with his 28.00th and ending with his 67.00th. What will the rate on the retirement account need to be for him to have $3,802,038.00 in it when he retires? Round 2 Decimal Places

Reference no: EM132509187

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