Megs pension plan is an annuity with a guaranteed return of, Dissertation

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Megs pension plan is an annuity with a guaranteed return of

Problem

Meg's pension plan is an annuity with a guaranteed return of 5% per year (compounded quarterly). She would like to retire with a pension of $40,000 per quarter for 5 years. If she works 17 years before retiring, how much money must she and her employer deposit each quarter?

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Dissertation: Megs pension plan is an annuity with a guaranteed return of

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