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Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1 . 5 % times service years times final year's salary,
Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to times service years times final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of and is expected to retire at the end of after years' service. Her retirement is expected to span years. Davenport's salary is $ at the end of and the company's actuary projects her salary to be $ at retirement. The actuary's discount rate is FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $Use appropriate factors from the tables provided.
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