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Part B please thank you :) Chris Weatherspoon, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on an 9%
Part B please thank you :)
Chris Weatherspoon, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on an 9% basis that will enable him to withdraw $19,700 per year on June 30 , beginning in 2029 and continuing through 2032 . To develop this fund, Chris intends to make equal contributions on June 30 of each of the years 2025-2028. (a) Click here to view factor tables. How much must the balance of the fund equal on June 30,2028, in order for Chris 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.) Click here to view factor tables. What are each of Chris'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.) Chris's contributions to the fund \$ eTextbook and MediaStep by Step Solution
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