Pensions Meg's pension plan is an annuity with a guaranteed return of 4% per year (compounded quarterly). She would like to retire with a pension of $10,000 per quarter for 5 years. If she works 21 years before retiring, how much money must she and her employer deposit each quarter? (Round your answer to the nearest cent.)

Answer rating: 100% (QA)

To calculate the amount of money Meg and her employer must deposit each quarter we can use th... View the full answer