Question
Moira is a super saleswoman contemplating retirement on her fity-fifth birthday, decides to create a fund on an 8% basis that will enable her to
Moira is a super saleswoman contemplating retirement on her fity-fifth birthday, decides to create a fund on an 8% basis that will enable her to withdraw $24,390 per year on June 30, beginning in 2024 and continuing through 2027. To develop this fund, Natalie intends to make equal contrubutions on June 30 of each of the years 2020-2023
What are each of Moira's contributions to the fund?(round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimcal places e.g. 458,581)
Moira's Contributions to the fund: $___________
Please explain each step. Thank you
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