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Anita, age 45, is leaving the workforce. The average life expectancy for a 45-year-old female is age 85. She has the opportunity to commute the
Anita, age 45, is leaving the workforce. The average life expectancy for a 45-year-old female
is age 85. She has the opportunity to commute the value of her pension. Assuming an expected
rate of return of 5%, what is the lump sum payment required today to equal $1,000 of annual
pension income payable beginning on her 65th birthday?
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The Bank Credit Analysis Handbook
Authors: Jonathan Golin, Philippe Delhaise
2nd Edition
0470821574, 978-0470821572
