Your employer has promised you a pension of $20,000 per year in retirement. How much money must be invested in the pensi

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answerhappygod
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Your employer has promised you a pension of $20,000 per year in retirement. How much money must be invested in the pensi

Post by answerhappygod »

Your employer has promised you a pension of $20,000 per year in
retirement. How much money must be invested in the pension fund at
retirement in order to fully fund your pension for 30 years if the
pension fund earns a 5% return in each year?
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