Contemplating retirement an individual wants to create a fund on an 6% basis allowing $10,000. annual withdraws for 20 years. How much must the balance of the fund equal to allow the $ 10,000. equal annual withdraws beginning one year hence?  Following are appropriate factors from tables:    Table %   /  n Present Value of annuity due $1 Present Value of ordinary annuity of $1 Present value of $1 Future Value of ordinary annuity of $1 6%/20 12.15812 11.46992 .31180 36.78559 Required Computation:

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