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Your company is required to make a lump sum payment of $400,000 in 10 years, in order to fund the pension plan. There is $50,000
Your company is required to make a lump sum payment of $400,000 in 10 years, in order to fund the pension plan. There is $50,000 in the pension plan today which is expected to earn 3% per year. How much does the company need to contribute at the end of each year, to reach the target of $400,000 assuming that money also earns 3% per year
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