A pension plan promises to pay $70,000 at the end of each year for 10 years of the retirement period.
Requirements:
Compute the funds required to fund this pension plan at the start of the retirement period assuming:
a.discount rate of 12%; or
b.discount rate of 9%.

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The Answer of A pension plan promises to pay $70,000 at the end of each year for 10 years of the retirement period.
Requirements:
Compute the funds required to fund this pension plan at the start of the retirement period assuming:
a.discount rate of 12%; or
b.discount rate of 9%.

A Pension Plan Promises to Pay $70,000 at the End