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9 Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.5% * service years * final year's salary. was hired by Sachs
9 Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.5% * service years * final year's salary. was hired by Sachs the company's actuary projects her salary to be $245,000 at retirement. The actuary's discount rate is 9% (FV of $1, PV of $1. FVA of $1, PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 2011 after 35 years' service. Her retirement is een precies to read this year at the beginning of 2007 and is expected to retire at the end of 0.9 points Skloped eBook Required: 1. What is the company's projected benefit obligation at the beginning of 2021 (after 14 years' service) with respect to Davenport? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.) 2. Estimate by the projected benefits approach the portion of Davenport's annual retirement payments attributable to 2021 service. 3. What is the company's service cost for 2021 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.) 4. What is the company's interest cost for 2021 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar) 5. Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2021 (after 15 years' service) with respect to Davenport. (Do not round Intermediate calculations. Round your final answer to the nearest whole dollar.) Print References 1. Praject benefit obligation 2. Annual retirement payments 3. Service Oost 4. Interest cost 5. Prajected benefit obligation
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