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Max and Minnie are planning that one of them should stop their pension contributions for a three-year period because of the increased cost of their mortgage and increases in their other bills. They do not mind which of them does so, as they share all of their resources anyway. They have asked you to explain to them:  whether it makes any difference to their financial situation which one of them reduces their pension contributions;  what sorts of asset their pension fund is likely to invest their contributions in; and  what the long-term effect is likely to be on the pension pot of the person

Max and Minnie are planning that one of them should stop their pension contributions for a three-year period because of the increased cost of their mortgage and increases in their other bills. They do not mind which of them does so, as they share all of their resources anyway. They have asked you to explain to them:  whether it makes any difference to their financial situation which one of them reduces their pension contributions;  what sorts of asset their pension fund is likely to invest their contributions in; and  what the long-term effect is likely to be on the pension pot of the person

Algebra for College Students
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter14: Sequences And Mathematical Induction
Section14.3: Another Look At Problem Solving
Problem 30PS
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Max and Minnie are planning that one of them should stop their pension contributions
for a three-year period because of the increased cost of their mortgage and
increases in their other bills. They do not mind which of them does so, as they share
all of their resources anyway.
They have asked you to explain to them:
 whether it makes any difference to their financial situation which one of them
reduces their pension contributions;
 what sorts of asset their pension fund is likely to invest their contributions in; and
 what the long-term effect is likely to be on the pension pot of the person who
reduces their contributions for three years.

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