Megs pension plan is an annuity with a guaranteed return

Reference no: EM13689839

Megs pension plan is an annuity with a guaranteed return of 4% per year compounded quarterly. She would like to retire with a pension of $10000 per quarter for 25 years. If she works 45 years before retiring, how much money must she and her employer deposit each quarter?

Reference no: EM13689839

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