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Sachs Brands's defened beneft pension plan specifes annual retrement benefts equal to 1.6% service years final year's salary. payable at the end of each year.

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Sachs Brands's defened beneft pension plan specifes annual retrement benefts equal to 1.6% service years final year's salary. payable at the end of each year. Angela Davenport was hired by 5 achs at the beginning of 2007 and is expected to retire at the end of 2041 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $84.000 at the end of 2021 and the company's actuary projects her salary to be $250,000 at retirement. The actuary's discount rate is 6%. (FV of 51. PV of 51. FVA of \$1. PVA of \$1, FVAD of \$1, and PVAD of 51) (Use approprlate factor(s) from the tables provlded.) Reculred: 2. Estimate by the accumulated benefts approach the amount of Davenports annual retrement payments eamed as of the end of 2021. 3. What is the company's accumulated benefit obegation at the end of 2021 with respect to Davenport? (Do not round Intermedlate calculations. Round your final answer to the nearest whole dollac.) 4. If no. estimates are changed in the meantime, what will be the accumulated benefit obilgation at the end of 2024 . (firee years later), when Davenport's salary is $90.000 ? (Do not round intermediate calculationsi Round your final answer to the nearest whole dollar.)

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