What will be his expected pension (a monthly allowance from the accumulated deposits) if the insurance company assumes all their client to live up to 100 years of age? The insurance system offers 3.6% compounded monthly.
What will be his expected pension (a monthly allowance from the accumulated deposits) if the insurance company assumes all their client to live up to 100 years of age? The insurance system offers 3.6% compounded monthly.
Chapter3: Social Security Taxes
Section: Chapter Questions
Problem 5SSQ: _____1. Johnson Industries, a semiweekly depositor, pays its employees every Friday. When should the...
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An engineer is employed in a government office. Every month an amount of ₱ 1,924.83 is deposited in an insurance system. Suppose the employee is 25 years old today, what will be accumulated on his retirement if he wishes to retire at 65? What will be his expected pension (a monthly allowance from the accumulated deposits) if the insurance company assumes all their client to live up to 100 years of age? The insurance system offers 3.6% compounded monthly.
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