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Your employer contributes $60 a week to your retirement plan (assuming weekly compounding). Suppose that you work for your employer for another 20 years and

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Your employer contributes $60 a week to your retirement plan (assuming weekly compounding). Suppose that you work for your employer for another 20 years and that the annual percentage rate is 8 percent. Given these assumptions, what is this employee benefit worth to you today? (1 year=52 weeks) $31,116.35 $24,618.46 $24,106.15 $20,744.23 Page 17 of 25 Previous Page Next Page

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