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Given the below pension assumptions (same as the previous question) , answer the following question. Starting salary 77,000 Annual salary increase 2.00% Years of employment
Given the below pension assumptions (same as the previous question), answer the following question.
| Starting salary | 77,000 |
| Annual salary increase | 2.00% |
| Years of employment | 30 |
| Vesting rate | 1.75% |
| Return on investments | 6.00% |
| Years of retirement | 20 |
What is the amount of money required to be in the pension fund to meet the obligations at retirement?
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Advanced Level Audit And Assurance Exam Room Notes 2017
Authors: ACA Simplified
1st Edition
1545501653, 978-1545501658
