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A man entered a Defined Contribution Pension Plan one day after his 25th birthday Starting Salary: Salary Increases: Investment Returns: Contributions: US$20,000 per annum On
A man entered a Defined Contribution Pension Plan one day after his 25th birthday Starting Salary: Salary Increases: Investment Returns: Contributions: US$20,000 per annum On every employment anniversary at 5% per annum compound 7% per annum compound 20% of salary paid into the fund at the end of each year on his Birthday 10 (12). 865 He is retiring today on his 65th birthday. Calculate: 15 marks (i) The accumulated value of the contributions today 5 marks (ii) His annual salary today 5 marks (iii) His annual pension, payable monthly, today 5 marks (iv) His Replacement Ratio
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