Three employees of the Horizon Distributing Company will receive annual pension payments from the company when they

retire. The employees will receive their annual payments for as long as they live. Life expectancy for each employee is $15$ years

beyond retirement. Their names, the amount of their annual pension payments, and the date they will receive their first

payment are shown below:

Required:

Compute the present value of the pension obligation to these three employees as of December $31,2024.$ Assume a $10\%$

interest rate.

The company wants to have enough cash invested at December $31,2027,$ to provide for all three employees. To

accumulate enough cash, they will make three equal annual contributions to a fund that will earn $10\%$ interest

compounded annually. The first contribution will be made on December $31,2024.$ Compute the amount of this required

annual contribution.

Note: For all requirements, use tables, Excel, or a financial calculator. Do not round intermediate calculations. Round your

final answers to nearest whole dollar amount. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

PLEASE DO WITH THE PV and FV tables