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Please help.Thanks a lot. Henry, a super salesman contemplating retirement on his...

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Accounting

Please help.Thanks a lot.

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Henry, 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 $63,000 per year on June 30 , beginning in 2021 and continuing through 2024 . To develop this fund, Henry intends to make equal contributions on June 30 of each of the years 2017-2020. (a) Your answer is correct. How much must the balance of the fund equal on June 30, 2020, in order for Henry 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 30,2020 $ What are each of Henry's contributions to the fund? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 4,585.81.) Henry's contributions to the fund \$

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