Your pension plan is an annuity with a guaranteed return of 4% per year compounded quarterly. You
Fantastic news! We've Found the answer you've been seeking!
Question:
Your pension plan is an annuity with a guaranteed return of 4% per year compounded quarterly. You would like to retire with a pension of 10,000 per quarter for 25 years. If she works 41 years before retiring, how much money must she and her employer deposit each quarter?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: