""The average daily rate charged by member banks for overnight loans of reserves" best describes the:"

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

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.)

From what part of income should someone take savings?