Greta, aged 55, is entitled to a pension paying 2000 per month beginning in 10 years. She
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Greta, aged 55, is entitled to a pension paying 2000 per month beginning in 10 years. She is offered the option of using part of this fund to pay her recently divorced husband, aged 60, a life annuity of 500 per month commencing immediately. The rest of the fund would be used to pay her a reduced monthly pension benefit, again beginning in 10 years. Find the new payment given 41f^ = 9.5, 45^^ = 8.5, D^s = 200 and Des = 85.
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Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach
ISBN: 978-1566983334
3rd Edition
Authors: Asa Michael M. Parmenter, Ph.d.
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