Question: please help solve ASAP!! Matthew Rich, an executive VP contemplating retirement on his sixty fifth birthday, decides to create a fund on a 10% basis

please help solve ASAP!!

Matthew Rich, an executive VP contemplating retirement on his sixty fifth birthday, decides to create a fund on a 10% basis that will enable him to withdraw $100,000 per year on July 31, beginning in 2025 and continuing through 2029 . To develop this fund, Rich intends to make equal contributions on July 31 of each of the years 2020-2024. (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 2 decimal places, es. 458,581.25.) (a) Compute how much the balance of the fund must equal on July 31, 2024, in order for Rich to satisfy his objective. (Round answer to 2 decimal places, es. 5,275.75.) Required fund balance on July 31,2024

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