A pension plan has promised to pay out 25 million per year, Ask an Expert

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A pension plan has promised to pay out $25 million per year over the next 15 years to its employees. Actuaries estimate the rate of return on the fund's assets will be 5.50 percent. What amount of pension fund reserves (to the nearest dollar) are needed for the plan to be fully funded?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91600503

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