In a certain pension plan, contributions are payable at a rate of 10% of salary until...

 

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In a certain pension plan, contributions are payable at a rate of 10% of salary until age 65. A person aged 60, currently earning RM 50,000 is a member of this pension plan. Given the following table: Seo+t yt+1/2 1.00 0.8 0.97 1.05 0.6 0.91 1.10 0.4 0.86 3 1.15 0.2 0.81 4 1.20 0.1 0.76 5 1.25 0.72 Using mid-year approximations, calculate the APV of future contributions. In a certain pension plan, contributions are payable at a rate of 10% of salary until age 65. A person aged 60, currently earning RM 50,000 is a member of this pension plan. Given the following table: Seo+t yt+1/2 1.00 0.8 0.97 1.05 0.6 0.91 1.10 0.4 0.86 3 1.15 0.2 0.81 4 1.20 0.1 0.76 5 1.25 0.72 Using mid-year approximations, calculate the APV of future contributions.