Will samonne be able to transfer her account balance

Reference no: EM13291021

Samonne will have worked for Roseberry Industries for 10 years at the end of this year. She plans to retire at the time to pursue a Ph.D. in finance at Catatonic State. Samonne could have worked for Roseberry Industries another 15 years, at which time her pension, at retirement, would have been $25,000 per year, payable for 20 years. Roseberry Industries began making payments into Samonne's retirement plan, which earns 10% at the end of her first year of employment. Under Roseberry's HR policies, Samonne may transfer her pension account balance to some other account provided the balance is 425,000 or less. Will Samonne be able to transfer her account balance?

Reference no: EM13291021

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