Alan, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on...

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Alan, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on a 12% basis that will enable him to withdraw $59,000 per year on June 30, beginning in 2029 and continuing through 2033. To develop this fund, Alan intends to make equal contributions on June 30 of each of the years 2025-2028. Click here to view factor tables (a) How much must the balance of the fund equal on June 30, 2029, in order for Alan to satisfy his objective? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 4,585.81.) Balance of the fund equal on June 30, 2029 $ eTextbook and Media Save for Later Attempts: 0 of 4 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Alan, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on a 12% basis that will enable him to withdraw $59,000 per year on June 30, beginning in 2029 and continuing through 2033. To develop this fund, Alan intends to make equal contributions on June 30 of each of the years 2025-2028. Click here to view factor tables (a) How much must the balance of the fund equal on June 30, 2029, in order for Alan to satisfy his objective? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 4,585.81.) Balance of the fund equal on June 30, 2029 $ eTextbook and Media Save for Later Attempts: 0 of 4 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above.