Acme is assessing its employee pension fund. At the end of each of the next 23 years Acme will have to pay its retirees 9753. If the fund is estimated to earn D% (D = 3%), how much does Acme need to have set aside today to ensure that it can meet its future obligations? Bal=0 at end of 23 yrs.© BrainMass Inc. brainmass.com October 9, 2019, 6:10 pm ad1c9bdddf
Acme is assessing its employee pension fund. At the end of each of the next 23 ...
This provides the steps to calculate the amount to be set aside each year for employee pension fund.