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You are provided with the following cash balance plan information for an employee who starts work at age 59. Age 59 60 61 Pay

You are provided with the following cash balance plan information for an employee who starts work at age 59. Age 59 60 61 Pay 100 125 0 (Sthousands) Pay Credit Account Balance The cash balance pay credit is 4%, payable at year-end, and the interest credit is 5%/yr. What is the total cash balance at the end of the age 61 year?

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