Question: 1 question 2 parts Using the information below calculate the present value of the retirement benefits (projected benefits obligation) as of the end of the

1 question 2 parts 1 question 2 parts Using the information below calculate the present value

Using the information below calculate the present value of the retirement benefits (projected benefits obligation) as of the end of the current year. Write the answer in on the cover sheet. S FACTS: The company has a defined benefit plan Cindy's salary at the end of 2019 (current year) Retirement expected after Retirement period is expected to be Interest Rate 134,000 years of service 20 lyears 2.0% years Benefits are calculated as a formula as the product of Service already provided Percentage Final year's salary is projected to be 11 2.0% 300,000 $ Calculate the interest cost associated with the BPO for the current year using the following information. Write the answer on the cover sheet FACTS: The company has a defined benefit plan Harry's salary at the end of the prior year Retirement expected after Retirement period is expected to be Interest Rate 148,500 45 20 5.0% years of service years Benefits are calculated as a formula as the product of: Service already provided 20 Percentage 2.0% Final year's salary is projected to be $360,000

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