Question: 25) Answer format: Currency. Round to 2 decimal places $25 Derek plans to retire on his 65th birthday. However, he plans to work part-time until

25)

Answer format: Currency. Round to 2 decimal places $25 Derek plans to retire on his 65th birthday. However, he plans to work part-time until he tums 73.00. During these years of part-time work, he will neither make doposits to nor take withdrawals from his retirement account Exactly one year after the day he turns 73.0 when he fully retires, he will wants to have $2,574,745.00 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 8.00% interest rate. Submit Answer format: Currency Round to 2 decimal places

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