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Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1 . 6 % 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 Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to service years 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
Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Required:
Estimate by the accumulated benefits approach the amount of Davenport's annual retirement payments earned as
of the end of
What is the company's accumulated benefit obligation at the end of with respect to Davenport?
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.
If no estimates are changed in the meantime, what will be the accumulated benefit obligation at the end of
three years later when Davenport's salary is $
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.
Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Required:
Estimate by the accumulated benefits approach the amount of Davenport's annual retirement payments earned as of the end of
What is the company's accumulated benefit obligation at the end of with respect to Davenport?
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.
If no estimates are changed in the meantime, what will be the accumulated benefit obligation at the end of three years later when Davenport's salary is $
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.
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