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GIVEN: Pension fund Jan 1: 50,000 Service costs:7,000 PBO Jan 1: 60,000 Employer contributions: 5,000 Interest rate: 10% Benefits paid: 9,000. Actual return: 7% Actuaries

GIVEN:

Pension fund Jan 1: 50,000 Service costs:7,000

PBO Jan 1: 60,000 Employer contributions: 5,000

Interest rate: 10% Benefits paid: 9,000.

Actual return: 7% Actuaries revise PBO downward: 2,000.

Find ending pension fund balance and ending PBO balance.

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