Pensions maria who is now 50 yr old is employed by a firm


Question: PENSIONS Maria, who is now 50 yr old, is employed by a firm that guarantees her a pension of $40,000/year at age 65. What is the present value of her first year's pension if the inflation rate over the next 15 yr is 6%/year compounded continuously? 8%/year compounded continuously? 12%/year compounded continuously?

Solution Preview :

Prepared by a verified Expert
Mathematics: Pensions maria who is now 50 yr old is employed by a firm
Reference No:- TGS02351895

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)