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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 1.5%\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 2010 and is expected to retire at the end of 2044 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $98,000 at the end of 2024 and the company's actuary projects her salary to be $320,000 at retirement. The actuary's discount rate is 8%.(FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)(Use appropriate factor(s) from the tables provided.)

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