View Policies Show Attempt History Current Attempt in Progress Steve 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 2029 and continuing through 2032. To develop this fund, Steve intends to make equal contributions on June 30 of each of the years 2025-2028. (a) Your answer is incorrect. Click here to view factor tables. How much must the balance of the fund equal on June 30, 2028, in order for Steve to satisfy his objective? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Balance of the fund equal on June 30, 2028 (b) eTextbook and Media Save for Later $ Attempts: 2 of 15 used Submit Answer

Steve 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 2029 and continuing through 2032. To develop this fund. Steve intends to make equal contributions on June 30 of each of the years 20252028. (a) Your answer is incorrect. Click here to view factor tables. How much must the balance of the fund equal on June 30,2028 , in order for Steve to satisfy his objective? (Round foctor values to 5 decirnol places, es. 1.25124 and finel answer to 0 decimal places, es: 458,581.) Balance of the fund equal on fune 30,2028 Steve 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 2029 and continuing through 2032 . To develop this fund, Steve intends to make equal contributions on June 30 of each of the years 20252028. (a) Your anower is incorrect: Click here to view factor tables. How much must the balance of the fund equat on June 30,2028 , in order for Steve to satisfy his objective? (Round foctor values to 5 decimal places, es. 1.25124 and final answer to 0 decimal places, eg. 458.581.) Balance of the fund equal on June 30,2028