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i keep recievibg incorrect solutions and ive tried everytgubg plz help explain correct answer Bramble. Inc. is a furniture manufacturing company with 50 employees. Recently,
i keep recievibg incorrect solutions and ive tried everytgubg plz help explain correct answer Bramble. Inc. is a furniture manufacturing company with 50 employees. Recently, after a long negotiation with the local fabor union. the company decided to initiate a pension plan as a part of its compensation plan. The plan will start on January 1, 2025. Each. employee covered by the plan is entitied to a pension payment each year after retirement. As required by accounting standards, the controller of the company needs to report the pension obligation (liability). On the basis of a discussion with the supervisor of the Personnel Department and an actuary from an insurance company, the controller develops the following information related to the pension plan. The interest rate to be used is 11% Click here to view factor tables: On the basis of the information above, determine the present value of the pension obligation (liability). (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.8. 458,581.) The present value of pension obligation (liability)
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