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Gre4nikov [31]
3 years ago
12

Ruben worked in a union motorcycle factory for 20 years before returning to school to become a paramedic instead. He is 45 now.

He has a pension from his previous employer, which would pay him $1500/month after his retirement at 65. Assuming he will live to 80 (which is slightly higher than the life expectancy for an American man) he would earn $270000 over 15 years. The company has stopped offering pensions and wants to buy out his pension today. Should Ruben accept a buyout offer of $125,000? Assume that he could invest the money at an interest rate of 3% with a monthly compounding.
Mathematics
1 answer:
MaRussiya [10]3 years ago
6 0

Answer:

Ruben needs a new job

Step-by-step explanation:

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