$ 85,000 2001 20 years of service 2020 The company has a defined benefit plan Salary at the end of 2005 Employment started at the beginning of Retirement expected after Retirement year expected to be Retirement period is expected to be Interest Rate Benefits are calculated as a formula as the product of: Service already provided Percentage Final year's salary is projected to be 25 years 8.0% 5 years 2.5% $ 430,000 4. What is the amount of increase in the PBO due to the service cost of working an additional 5. See the change in facts below for the remainder of this problem set. What is the amount of Prior Service Cost related to this plan amendment? Percentage of service yrs. & salary 3.0% Change made at the beginning of 2008 A. $63,194 B. $65,203 C. $24,728 D. $54,167 6. What is the revised interest cost associated with the PBO for 2008 due to the amendment in Question #5? Enter the amount as positive with no symbols. 7. What is the PBO balance at the end of 2008? A. $437,471 B. $467,992 C. $389,994 D. $409,500 $ 85,000 2001 20 years of service 2020 The company has a defined benefit plan Salary at the end of 2005 Employment started at the beginning of Retirement expected after Retirement year expected to be Retirement period is expected to be Interest Rate Benefits are calculated as a formula as the product of: Service already provided Percentage Final year's salary is projected to be 25 years 8.0% 5 years 2.5% $ 430,000 4. What is the amount of increase in the PBO due to the service cost of working an additional 5. See the change in facts below for the remainder of this problem set. What is the amount of Prior Service Cost related to this plan amendment? Percentage of service yrs. & salary 3.0% Change made at the beginning of 2008 A. $63,194 B. $65,203 C. $24,728 D. $54,167 6. What is the revised interest cost associated with the PBO for 2008 due to the amendment in Question #5? Enter the amount as positive with no symbols. 7. What is the PBO balance at the end of 2008? A. $437,471 B. $467,992 C. $389,994 D. $409,500