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Your employer offers a voluntary pension plan. If you choose to participate in the pension plan, you need to save $10,000 per year for the
Your employer offers a voluntary pension plan. If you choose to participate in the pension plan, you need to save $10,000 per year for the next 40 years. Then you will retire and start to withdraw from this account. You can withdraw $50,000 per year for 20 years. What is the PV of this pension plan when the interest rate is 5%?
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