ane is considering leaving her job and pension at age 65 and has 18 years...
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Finance
ane is considering leaving her job and pension at age 65 and has 18 years in the defined benefit pension plan which provides a retirement income based on 2% per year of service and the average best five years of income. Her best average five years earnings were $69,000. The pension plan assumes life expectancy is age 92 and the rate of return on 1.1%. What should the commuted value of her pension be if she wanted to transfer the funds into a LIRA? (The present value of the promised income stream). Input to the nearest dollar. EXPLAIN IN A FINANCIAL CALCULATOR
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