Thursday
December 18, 2014

Homework Help: Business math

Posted by Roseanne on Sunday, October 21, 2012 at 1:39pm.

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 $50,000 per quarter for 10 years. If she works 22 years before retiring, how much money must she and her employer deposit each quarter? HINT [See Example 5.] (Round your answer to the nearest cent.)

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - Meg's pension plan is an annuity with a guaranteed return of 7% per year...
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 7% ...
math - Meg's pension plan is an annuity with a guaranteed return of 7% interest ...
finance math - Meg's pension plan is an annuity with a guaranteed return of 7% ...
bus 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% ...
Math - Meg's pension plan is an annuity with a guaranteed return of 9% interest ...
finance - Barbara wants to save money to meet 2 objectives: i. She would like to...

Search
Members