Calculate the amount of interest on $2,000.00 for 4 years, compounding daily at 2.25 % APR.
From the Monthly Interest Table use $1.094171 in interest for each $1.00 invested
You have averaged $57,500.00 for the last five years of work. Your company has agreed to pay you 80 % of the average as your pension. Social security has notified you that you will receive $2100.00 a month. What is your total monthly pension?