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A pension plan has promised to pay out $22 million per year over the next 20 years to its employees. Actuaries estimate the rate
A pension plan has promised to pay out $22 million per year over the next 20 years to its employees. Actuaries estimate the rate of return on the fund's assets will be 8.00 percent. What amount of pension fund reserves (to the nearest dollar) are needed for the plan to be fully funded? (Input final answer as a positive value. Round your final answer to the nearest dollar. i.e. 123456789. Do not input dollar signs or commas in your final answer.)
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