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your employer contributes $500 a month to your retirement plan. assuming that you work for your employer for another 10 years and that the applicable discount rate is 8%, what is this employee benefit

your employer contributes $500 a month to your retirement plan. assuming that you work for your employer for another 10 years and that the applicable discount rate is 8%, what is this employee benefit worth to you today?

my professor says the answer is $41,211. But on my calculations, I found it was worth $41,485

I'm using a ba ii plus financial calculator, and set it to beginning mode, with inputs: N=120, I/y=.6667 (8/12), PMT= 500, FV=0

Jun 23 2021 View more View Less

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