Question: # 1 Derek can deposit $ 1 1 , 0 0 0 on each birthday beginning with his 2 6 th and ending with his

#1
Derek can deposit $11,000 on each birthday beginning with his 26 th and ending with his 65 th. 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 65 th birthday?
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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
 #1 Derek can deposit $11,000 on each birthday beginning with his

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