How much do bci have to deposit per month into fund


Jane Q. Employee has just started her new job with Big Conglomerate, Inc., and is already looking forward to retirement. BCI offers her as a pension plan an annuity that is guaranteed to earn 4.5% annual interest compounded monthly. She plans to work for 35 years before retiring and would then like to be able to draw an income of $8,500 per month for 25 years. How much do she and BCI together have to deposit per month into the fund to accomplish this?

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Mathematics: How much do bci have to deposit per month into fund
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