Pensions Meg's pension plan is an annuity with a guaranteed return of 3% per year (compounded quarterly). She would like to retire with a pension of $50,000 per quarter for 10 years. If she works 30 years before retiring, how much money must she and her employer deposit each quarter? (Round your answer to the nearest cent.)

set up as :

retirement

N

I

PV

PMT

FV

P/Y

C/Y

working

N

I

PV

PMT

FV

P/Y

C/Y