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Stephen Bosworth, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on an 8% basis that will enable him to

Stephen Bosworth, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on an 8% basis that will enable him to withdraw $25,000 per year on June 30, beginning in 2023 and continuing through 2026. To develop this fund, Stephen intends to make equal contributions on June 30 of each of the years 2019-2022.

A. How much must the balance of the fund equal on june 30,2022, in order for stephan bosworth to satisfy his objective?

B. what are each of stephan's contribution to the fund?

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