Post a New Question

Business math

posted by on .

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.)

  • Business math - ,

    24040.82

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question