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Value of the pay-out annuity at retirement

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Reference no: EM131454055

Calculate the value of the pay-out annuity at retirement. Do this twice: once for 6.3% and once for 8.9%. Use the same number of years for each (you will need to decide how many years to use in this calculation). Estimate the city obligation for each of these (first result times number of city employees).

Reference no: EM131454055

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