Exercise 6-8 Weatherspoon, a super salesman contemplating retirement on his y-fifth birthday, decides to create a und on an 10% basis that will enable into Morgan through 2024, To develop this fund, Morgan intends to make equal contributions on June 30 of each of the years 2017-2020. thdraw 40 per year on ne 3 beginning m 2 and continuing Your answer is correct. Click here to view factor tables How much must the balance of the fund equal on June 30, 2020, in order for Morgan to satisfy his objective? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) 1 Balance of the fund equal on June 30, 2020 6, SHOW SOLUTION LINK TO TEXT VIDEO: SIMILAR EXERCISE XYour answer is incorrect. Try again. What are each of Morgan's contributions to the fund? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Morgan's contributions to the fund 24,040