You read a newspaper article in the business section of a newspaper. the author is a licensed financial advisor with a degree in finance. the article is about setting aside money for your kid's college tuition. this information is

reliable and relevant
unreliable and relevant
reliable but irrelevant
unreliable and irrelevant

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.)