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Question 9 (6 points) UMW Corp offers its EEs a cash balance pension plan, with an annual pay credit of 12% and an interest credit

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Question 9 (6 points) UMW Corp offers its EEs a cash balance pension plan, with an annual pay credit of 12% and an interest credit of 9%. Minerva, age 26, just began employment with the firm. She has an annual salary of $60,000. Please answer the questions below. You must show your work to receive credit. What dollar amount will Minerva have at age 65? Assume UMW makes the contributions at the BEGINNING of each year. O $2,425,553.60 $2,222,333.56 $2,343,400.43 $2,093,882.75 $2,124,875.44

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