Posted by **Step** on Thursday, January 19, 2012 at 1:34pm.

How much must be deposited now, at 6% interest compounded semiannully, to yield an annuity payment of $4000 at the end of each six month period, for a total of five years?

- Business Finance -
**adriana**, Wednesday, March 28, 2012 at 5:37pm
Meg's pension plan is an annuity with a guaranteed return of 3% per year (compounded quarterly). She would like to retire with a pension of $30,000 per quarter for 10 years. If she works 22 years before retiring, how much money must she and her employer deposit each quarter?

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