Delow. Employee Tinkers Annual Payment $ 20,000 Date of First Payment 12/31/2027 Evers Chance 25,000 30,000 12/31/2028 12/31/2029 Check my work Required: 1. Compute the present value of the pension obligation to these three employees as of December 31, 2024. Assume an 11% interest rate. 2. The company wants to have enough cash invested at December 31, 2027, to provide for all three employees. To accumulate enough cash, they will make three equal annual contributions to a fund that will earn 11% interest compounded annually. The first contribution will be made on December 31, 2024. Compute the amount of this required annual contribution. Note: For all requirements, use tables, Excel, or a financial calculator. Do not round intermediate calculations. Round your final answers to nearest whole dollar amount. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Employee 1. Tinkers 1. Evers 1. Chance 2. Amount of annual contribution PV < Prev 5 of 5 Next >