Section XXXXXXXXXX) Your pension plan is an annuity with a guaranteed return of 4% per year (compounded quarterly). You can afford to put$1,200 per quarter into the fund, and you will work for 40...

Section 3.3 (55)

Your pension plan is an annuity with a guaranteed return of 4% per year (compounded quarterly). You can afford to put$1,200  per quarter into the fund, and you will work for  40 years before retiring. After you retire, you will be paid a quarterly pension based on a 25-year payout. How much will you receive each quarter?