Wil started his career on his present job exactly on his 22nd birthday. He is being deducted an amount of P900 every month as his SSS contributions his employer contributes also the same amount for the employee. If retirement age is 65 years old and money is worth 3.5% compounded monthly, find the amount of pension he will be getting every month upon his retirement
Wil started his career on his present job exactly on his 22nd birthday. He is being deducted an amount of P900 every month as his SSS contributions his employer contributes also the same amount for the employee. If retirement age is 65 years old and money is worth 3.5% compounded monthly, find the amount of pension he will be getting every month upon his retirement
Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
Problem 45P
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Wil started his career on his present job exactly on his 22nd birthday. He is being
deducted an amount of P900 every month as his SSS contributions his employer
contributes also the same amount for the employee. If retirement age is 65 years old and
money is worth 3.5% compounded monthly, find the amount of pension he will be getting
every month upon his retirement.
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