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How to solve Alan Weatherspoon, a super salesman contemplating retirement on his fifty - fifth birthday, decides to create a fund on an 1 1
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Alan Weatherspoon, a super salesman contemplating retirement on his fiftyfifth birthday, decides to create a fund on an basis
that will enable him to withdraw $ per year on June beginning in and continuing through To develop this fund,
Alan intends to make equal contributions on June of each of the years
a
times Your answer is incorrect.
Click here to view factor tables.
How much must the balance of the fund equal on June in order for Alan to satisfy his objective? Round factor values to
decimal places, eg and final answer to O decimal places, eg
Balance of the fund equal on June $
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