PART B: WHAT ARE EACH OF ADAMS CONTRIBUTIONS TO THE FUND?

Adams Weatherspoon, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on an 11% basis that will enable him to withdraw $20,680 per year on June 30 , beginning in 2029 and continuing through 2032 . To develop this fund, Adams 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 Adams 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.)