Onix Corporation is required to pay the pension cost of one of its unionized employees. According to

Question:

Onix is required to pay the pension cost of one of its unionized employees. According to the terms of the union contract, the employee will retire in eight years and receive $ 20,000 at the end of the three consecutive years following retirement. Interest is compounded annually. Compute the pension obligation Onix has incurred today if the is 4%. Corporation
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