Question 13 of 14 > If you deposit P dollars in a retirement fund every year for N years with the intention of then withdrawing Q dollars per year for M years, you must earn interest at a rater...

Extracted text: Question 13 of 14 > If you deposit P dollars in a retirement fund every year for N years with the intention of then withdrawing Q dollars per year for M years, you must earn interest at a rater satisfying P (bN - 1) (1-b-M) where b 1 + r Assume that $2100 is deposited each year for 27 years and the goal is to withdraw $7500 per year for 10 years Use Newton's Method to compute r. (Use decimal notation. Give your answer to two decimal places.) r = 96