Question: Given the below pension assumptions (same as the previous question), answer the following question. Starting salary 77,000 Annual salary increase 2.00% Years of employment 30

Given the below pension assumptions (same as the previous question), answer the following question.

Starting salary77,000
Annual salary increase2.00%
Years of employment30
Vesting rate1.75%
Return on investments6.00%
Years of retirement20


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

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