Question: please answer Charles Barkley decides to create a tund on a 1% bave that will enable him to withdraw 531.000 per year on June 30,
please answer
Charles Barkley decides to create a tund on a 1% bave that will enable him to withdraw 531.000 per year on June 30, beginning in 2026 and continuing through 2021. To develop this fund, Charles intends to make equal contribution online 30 of each of the year 2002-2025 Instructions How much must the balance of the tund equal on tune 30, 2025, in order for Charles to satlaky his objective Balance of the fund equal on June 30, 20253 What is the amount of each of the four contributions that Charles must deposit in the fund to reach the balance found above! Charels contributions to the fund - 5
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
