Marilyn, aged 45, works for the same company as Jeannette (Question 31) and will have the same
Question:
Marilyn, aged 45, works for the same company as Jeannette
(Question 31) and will have the same retirement benefit, beginning at age 65. Marilyn's current salary is 25,000 per year and her salary will increase at 7% each year for the next 20 years. If
/ = .08, and it is assumed that Marilyn will not die before age 65, find the present value to Marilyn of her future retirement benefits.
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Related Book For 
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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