Question: Question 1 A -C down below thank you ! Derek plans to retire on his 65th birthday. However, he plans to work part-time until he

Question 1 A -C down below thank you !

Question 1 A -C down below thank you ! Derek plans to

Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 75.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 75.0 when he fully retires, he will begin to make annual withdrawals of $192,921.00 from his retirement account until he turns 94.00. 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 6.00% interest rate. Submit Answer format: Currency: Round to: 2 decimal places. Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 74.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 74.0 when he fully retires, he will begin to make annual withdrawals of $150,523.00 from his retirement account until he turns 87.00. After this final withdrawal, he wants $1.57 million remaining in his 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 4.00% interest rate. Submit Answer format: Currency: Round to: 2 decimal places. A bank offers 4.00% on savings accounts. What is the effective annual rate if interest is compounded semi-annually? Submit 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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