Jens pension is an annuity with a guaranteed return of 5


Jen's pension is an annuity with a guaranteed return of 5% interest/year compounded monthly. She can afford to put $300/month into the fund, and she will work for 45 years before retiring. If her pension is then paid out monthly based on a 20-year payout, how much will she receive each month?

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Mathematics: Jens pension is an annuity with a guaranteed return of 5
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