please help John Weatherspoon, a super salesmancontemplating retirement onhis fifty-fifth birthday, decides to create a fund on an 10% basisthat will enable him to withdraw $21,830 per year on June 30, beginning in 2024 and continuing through 2027. To develop this fund,John intends to make equal contributions on June 30 of each of the years 2020-2023.Click here to view factor tablesHow much must the balance of the fund equal on June 30, 2023, in order for John to satisty his objective? (Round factor values to 5decimal places, eg. 1.25124 and final answer to O decimal places, eg. 458,581.)Balance of the fund equal on June 30, 2023 $eTextbook and MediaClick here to view factor tablesWhat are each of John's contributions to the fund? (Round factor values to 5 decimal places, eg 1.25124 and final answer to O decimalplaces, eg. 458,581)John's contributions to the fund$eTextbook and Media

Answer) Calculation of amount of fund to be accumulated Amount of fund to be accumulated = Amount to…

Answered: John Weatherspoon,a super…

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter3: Computing The Tax

Section: Chapter Questions

Problem 43P

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