Question
Tammy, age 48 with a date of birth of January 1, 1971, has been married to John for 12 years and has worked for her
Tammy, age 48 with a date of birth of January 1, 1971, has been married to John for 12 years and has worked for her current company for 19 years. She has received a statement from her company stating that, based upon her current years of service and income, she is eligible to receive $1,900 per month at age 65 from her defined benefit plan. Assuming an annual interest rate of 5%, what is the present value of the marital portion of her plan? Assume a life expectancy for Tammy of an additional 34.3 years to age 82.3. Complete the calculations in Excel. Upload your Excel file for grading by midnight September 13, 2020.
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