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What is the present value of her first year pension

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Reference no: EM131556349

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?

Reference no: EM131556349

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