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At the end of 20x1, Cobbles actuary changed the discount rate applied to the projected benefit obligation from 8% to 7%. How does a decrease

  1. At the end of 20x1, Cobbles actuary changed the discount rate applied to the projected benefit obligation from 8% to 7%.
    1. How does a decrease in the discount rate affect pension calculations? Why?
    2. Which numbers on your pension worksheet would be influenced by this change? Explain your answer.

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