You have just started a new job and consider joining your employer's pension fund. Starting a year
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Question:
You have just started a new job and consider joining your employer's pension fund. Starting a year from now you will make the first payment of 2 6 7 8 and you will be contributing in the fund for the next 1 6 years in total. Assuming that the opportunity cost of capital is 4 percent , what is the Present Value of your pension contributions?
Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
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