A pension plan promises to pay $30,000 at the end of each year for 25 years of
Question:
A pension plan promises to pay $30,000 at the end of each year for 25 years of the retirement period.
Required:
Compute the funds required to fund this pension plan at the start of the retirement period assuming:
a. A discount rate of 8%
b. A discount rate of 6%
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a A dis cou nt rate of 8 The present value of an ordinary annuity of 1 for 25 periods ...View the full answer
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