Mathematics

Mathematics, 13.10.2021 01:00, 2023apd

Your uncle is working in a tire factory that offers a pension in the form of an annuity that pays 5% annual interest, compounded monthly. He wants to work for 30 years and then have a retirement income of $4000 per month for 25 years. How much does he and his employer together need to deposit per month into the pension fund to accomplish this?

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