To solve this question, we can just use the Payout Annuity Formula. This formula is given by
Where P is the balance in the account at the beginning (starting amount, or principal).
d is the regular withdrawal (the amount you take out each year, each month, etc.)
r is the annual interest rate (in decimal form.)
k is the number of compounding periods in one year.
N is the number of years we plan to take withdrawals.
From the text, we have
k equals to 52 because we have 52 weeks in a year.
Plugging those values in our formula, we have
We would need an account balance of $192368.