Assume that a pension plan must accumulate ($ 700,000) by an employee's retirement age in order to

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Assume that a pension plan must accumulate \(\$ 700,000\) by an employee's retirement age in order to fund a pension. Three different funding models have been used to project funding requirements for the first year. The estimates are \(\$ 2,600, \$ 6,300\), and \(\$ 1,100\). Identify three different funding methods and the funding level most likely associated with each.

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