How much to receive each quarter after retirement


Your pension plan is an annuity with a guaranteed return of 4% per year, compounded quarterly. You can afford to put $1,200 per quarter into the fund and you will work for 40 years before retiring. After you retire, you will be paid a quarterly pension based on a 25 year payout. How much will you receive each quarter?

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Mathematics: How much to receive each quarter after retirement
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