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A pension plan has promised to payout $15 million per year over the next 10 years to its employees. Actuaries estimate the rate of return
A pension plan has promised to payout $15 million per year over the next 10 years to its employees. Actuaries estimate the rate of return on the fund's assets will be 5%. What amount of pension fund reserves (to the nearest dollar) are needed for the plan to be fully funded? O $115,826,024 O $111,458,231 O $172,500,000 $125,657,890 $150,000,000
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