Question

Derek plans to retire on his 65th birthday. However, he plans towork part-time until he turns 73.00. During these years ofpart-time work, he will neither make deposits to nor takewithdrawals from his retirement account. Exactly one year after hefully retires on the day he turns 73.0, he will begin to makeannual withdrawals of $100,736.00 from his retirement account untilhe turns 92.00. He he will make contributions to his retirementaccount from his 26th birthday to his 65th birthday. To reach hisgoal, what must the contributions be? Assume a 5.00% interest rate.SHOW FINANCE CALCULATOR STROKES