Tuesday
September 30, 2014

Homework Help: Math

Posted by Mani on Friday, April 22, 2011 at 9:14pm.

Meg's pension plan is an annuity with a guaranteed return of 9% interest per year (compounded semi-annually). She would like to retire with a pension of $70000 per semi-annum for 25 years. If she works 45 years before retiring, how much money must she and her employer deposit per semi-annum? (

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - Meg's pension plan is an annuity with a guaranteed return of 7% interest ...
bus math - Meg's pension plan is an annuity with a guaranteed return of 7% ...
business math - Meg's pension plan is an annuity with a guaranteed return of 7% ...
Finance - Meg's pension plan is an annuity with a guaranteed return of 7% ...
calculus - Meg's pension plan is an annuity with a guaranteed return of 4% per ...
math - Meg's pension plan is an annuity with a guaranteed return of 6% per year...
Business math - Meg's pension plan is an annuity with a guaranteed return of 3% ...
finance - Barbara wants to save money to meet 2 objectives: i. She would like to...
Math - How to calculate this? 4 year term investment. The investment offers a ...
Math - The present value of an annuity due of $400 payable semi-annually is $...

Search
Members