A person is planning to retire in 35 years time with a pension fund of...

70.2K

Verified Solution

Question

Accounting

A person is planning to retire in 35 years time with a pension fund of 190,000.
What is the required annual contribution to the Pension fund, if the expected rate
of return on the fund is 6% p.a.?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students