Question: Given the below assumptions, answer the following question. Starting salary 46,500 Annual salary increase 3.00% Years of employment 45 Vesting rate 1.25% Return on investments

Given the below assumptions, answer the following question.

Starting salary 46,500

Annual salary increase 3.00%

Years of employment 45

Vesting rate 1.25%

Return on investments 5.00%

Years of retirement 18

Anticipated salary is 175844

Anticipated retirement benefit is 98912

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What is the amount of money required to be in the fund to meet the obligations at retirement?

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