Question
Mike's pension is $34,000. Mike is 44 years old and is planning his retirement through the age of 95. His pension will begin at age
Mike's pension is $34,000. Mike is 44 years old and is planning his retirement through the age of 95. His pension will begin at age 62 and has a required rate of return of 9%.
What is the value of Mike's pension in today's dollars?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
