From 2010 to 2012, North Dakota's economy grew at an annual growth rate of 17%, more than 5 times the growth of the U. S. economy as a whole, due to rapid growth in its biotechnology sector. true or false

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.)