Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sofia's employer contributes R 1 2 0 per week to her retirement plan. Assuming she continues working for her employer for another 3 0 years

Sofia's employer contributes R120 per week to her retirement plan. Assuming she continues working for her employer for another 30 years and using a discount rate of 7,5%, what is the present value of this employee benefit to her?
1.
R 12407,93
2.
R 40384,69
3.
R 74416,56
4.
R645212,27

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started