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please show work and explanation The projected benefit obligation was $100 million at the beginning of the year Service cost for the year was $9
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The projected benefit obligation was $100 million at the beginning of the year Service cost for the year was $9 million. At the end of the year, pension benefits paid by the trustee were $5 million and there were no pension-related other comprehensive income accounts requiring amortization. The actuary's discount rate was 5% What was the amount of the projected benefit obligation at year-end? End of the year PBO millionStep by Step Solution
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