The Knutson corporation Target fund Rate Period of saving Yearly Saving $15,000,000.00 5.7% Annually 10 Years $1,154,151.45 Therefore, the equal annual contribution to be made = $1,154,151.45 Year Opening Bal Deposit Comulative Funds Closing Bal 1 $ $ 1,154,151 $ 1,154,151 2 $ 1,154,151 $ 1,154,151 $ 2,308,303 $ 2,308,303 3 $ 2,308,303 $ 1,154,151 $ 3,462,454 $ 3,462,455 4 $ 3,462,455 $ 1,154,151 $ 4,616,606 $ 4,616,606 5 $ 4,616,606 $ 1,154,151 $ 5,770,758 $ 5,770,758 6 $ 5,770,758 $ 1,154,151 $ 7 $ 6,924,910 $ 1,154,151 $ 8 $ 8,079,062 $ 1,154,151 $ 9 $ 9,233,214 $ 1,154,151 $ 6,924,910 $ 6,924,910 8,079,061 $ 8,079,062 9,233,213 $ 9,233,214 10,387,365 $ 10,387,366 10 $ 10,387,366 $ 1,154,151 $ 11,541,517 $ 11,541,518