Question
The following 4 questions all use the same below pension assumptions. Given the below pension assumptions, answer the following question. Starting salary 77,000 Annual salary
The following 4 questions all use the same below pension assumptions.
Given the below pension assumptions, 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 anticipated salary at retirement?
The following 4 questions all use the same below pension assumptions.
Given the below pension assumptions, 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 anticipated salary at retirement?
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Audit Education
Authors: Karen Van Peursem, Elizabeth Monk, Richard M.S. Wilson, Ralph Adler
1st Edition
1138192856, 978-1138192850
