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Question 19 5 points Robinson Industries has a defined benefit pension plan that specifies annual retirement benefits equal to 2% x Service years x Final
Question 19 5 points Robinson Industries has a defined benefit pension plan that specifies annual retirement benefits equal to 2% x Service years x Final Year's salary Patty Mills was hired by Robinson fifteen years ago. Mills is expected to retire after 40 years of service. His retirement is expected to span 20 years. At the end of this year, 15 years after being hired, his salary is $61,000. The company's actuary projects Mills' salary to be $81,000 at retirement. The actuary's dinoount rate is 8%. PVA Factors PVA n=15, 18% 8.55948 PVA n-20, 18% 9.81815 PVA, n25,1-8% 10.67478 PV Factors PV, 16, 18% 31524 PV 20, 18% 21455 PV, n.25.18% 14602 What is the company's accumulated benefit obligation (ABO) at the end of this year with respect to Patty Mills
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