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Business, 20.12.2019 02:31 ayoismeisjuam
Open market operations are the processes by which money enters into circulation the buying and selling of government securities to alter the supply of money reserves greater than the required amounts rates of interest banks charge on short-term loans to their best customers
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Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)
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Open market operations are the processes by which money enters into circulation the buying and sell...
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