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adams weatherspoon, a super salesman contemplating retirement on his fifty - fith birthday, decides to create a fund on an 1 2 % basis that

adams weatherspoon, a super salesman contemplating retirement on his fifty- fith birthday, decides to create a fund on an 12% basis that will enable him to withdraw $15,910 per year on June 30 beginning in 2029 and continuing through 2032. To develop this fund, adam intends to make equal contributions on June 30 of each of the years 2025-2028.(a) How much must the balance of the equal fund on June 30,2028, in order for Adams to satisfy his objective?

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