Derek can deposit $11,000 on each birthday beginning with his 26th and ending with his 65th....

Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

Derek can deposit $10,448.00 on each birthday beginning with his 26.00th and ending with his 65.00th. What will the rate on the retirement account need to be for him to have $3,589,542.00 in it when he retires?

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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jeff jeffy answered 2 years ago

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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? Hello can I please get help on this homework question? Can you please solve using a financial calculator? Thank you! Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to...

Derek can deposit $11,000 on each birthday beginning with his 26th and ending with his 65th....

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? Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

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