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Charles Rich, an executive VP contemplating retirement on his sixty-fifth birthday, decides to create a fund on a 6% basis that wal ensble him to

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Charles Rich, an executive VP contemplating retirement on his sixty-fifth birthday, decides to create a fund on a 6% basis that wal ensble him to withdraw $91,000 per year on fuly 31 . beginnine in 2029 and continuine through 2033 To develop this fund Rich intends to make equal contributions on fuly 31 of exch of the years 20252029, (Round foctor valuet to 5 decima places, e.s. 1.25124 and final answer to 2 decimal places, e.s. 458,581.25.) Click here to view factor tables: (a) Compute how much the balance of the fund must equal on July 31.2029, for Rich to satisfy his objective. Required fund balance on July 31,2029

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