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please help Exercise 6-8 Tony Weatherspoon, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on an 10% basis that
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Exercise 6-8 Tony Weatherspoon, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on an 10% basis that will enable him to withdraw $25,200 per year on June 30, beginning in 2024 and continuing through 2027. To develop this fund, Tony intends to make equal contributions on June 30 of each of the years 2020-2023. Click here to factar tables How much must the balance of the tund equal on June 30, 2023, in order for Tony to satisfy his objective? (Round factor values to 5 decimal places 1.25134 and final answer to 0 denial places, 6.9. 158,581) Balance of the fund equal on June 30, 2023 5 Cilk ber vite.Factor What are each of Tony's contributions to the fund (Hound actor values to decoce 1.2513 and final arte del local.) dy Tony's contributions to the fund Click Il you would like to show Work for this question show Step by Step Solution
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