Determine the break-even point for a person

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Suppose that the firm of the person in Exercise 10 adjusts pensions by 3.25% for the cost of living. How long would he wait to have the early pension and the full pension equal each other?

Exercise 10

Determine the break-even point for a person who contemplating retiring 4 years early and receiving $62,000 as opposed to $71,000 if he retires on time.

Reference no: EM131287370

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