can someone tell me if im correct.

would the actuary's interest discount rate be 7%

i found this by taking the interest cost / beggining balance * 100. (49/700)*100=7%

3) The following incomplete (columns have missing amounts) pension spreadsheet is for the current year for First Republic Corporation (FRC). Prior Service Cost Plan Assets Net (Gain) Loss PBO Pension Expense Net Pension ( (Liability Asset Cash (700) 28 (90) 49 68 (s in millions) Debit (Credit) Beginning balance Service cost Interest cost Expected return on assets Gain loss on assets Amortization of Prior service cost Net gain low Loss on PBO Contributions to fund Retiree benefits paid Ending balance (2) (7) (8) (45) (65) 730 (81) Required: What was the actuary's interest (discount) rate