Perry Industries has a defined benefit pension plan that specifies annual, year$-$end retirement benefits equal to $1\mathrm{.}3\%$ x Service years x Final year's salary. Carol was hired by Perry at the beginning of $2016.$ Clark is expected to retire at the end of $2055$ after $40$ years of service. Her retirement is expected to span $15$ years. At the end of $2025,10$ years after being hired, her salary is $$60,000.$ The company's actuary projects Clark's salary to be $$210,000$ at retirement. The actuary's discount rate is $6\%.$PLEASE look at screenshot. The answers entered in questions $1-3$ are correct. Please explain how these are the correct answers. Use accurate Excel Formulas please.$$