Contemplating retirement an individual wants to create a fund on an 6% basis allowing $10,000. annual withdraws for 20 years. How much must the balance of the fund equal to allow the $ 10,000. equal annual withdraws beginning one year hence? Following are appropriate factors from tables:

Table % / n	Present Value of annuity due $1	Present Value of ordinary annuity of $1	Present value of $1	Future Value of ordinary annuity of $1
6%/20	12.15812	11.46992	.31180	36.78559

Required Computation: