Question: A pensioner has a retirement plan that will pay them a constant nominal annual payment of $50,000 per year for the next 30 years. Assume

A pensioner has a retirement plan that will pay them a constant nominal annual payment of $50,000 per year for the next 30 years. Assume that f = 0.04 and nr = 0.0816. a. What constant real annual income level will this pension support? b. How much of their first nominal pension payment will they need to save to have a constant real standard of living?

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