Nancy is a member of a defined contribution 0 pension plan. Both she and her employer contribute 5% of her salary to the plan each year; her salary is $45,000. Nancy's pension assets are valued at $80,000 and Nancy intends to retire at the end of 4 years. If the contributions are made at the end of each year, Nancy's salary remains the same and the investment return is 8%, 

what will be the total savings in Nancy's pension fund at retirement?

Answer rating: 100% (QA)

To calculate the total savings in Nancys pension fund at retirement we need to d... View the full answer