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your retirement pension is an annuity with a guarnteeed return of 4% interest compounded monthly. you would like to retire with a pension of 3000
your retirement pension is an annuity with a guarnteeed return of 4% interest compounded monthly. you would like to retire with a pension of 3000 per month for 25 years.
A) how much money needs to be in account at the time of retirement in order to fund these withdraws
B) how much must be deposited each month into the accoint during the 45 years leading up to retirement in order to achieve this
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
