Derek wants to withdraw $11,447.00 from his account 4.00 years from today and $13,373,00 from...
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Accounting
Derek wants to withdraw $11,447.00 from his account 4.00 years from today and $13,373,00 from his account 11,00 years from today. He currently has $2,581.00 in the account. How much must he deposit each year for the next 11.0 years? Assume a 5.38% interest rate. His account must equal zero by year 11.0 but may be negative prior to that. Answer format: Currency: Round to: 2 decimal places
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