Question: 7.) Based on the following information calculate the present value of retirement benefits as of the retirement date. Write in the amount on the cover

7.) Based on the following information calculate the present value of retirement benefits as of the retirement date. Write in the amount on the cover sheet. $ FACTS: The company has a defined benefit plan Joe's salary at the end of 2019 Retirement expected after Retirement period is expected to be Interest Rate Benefits are calculated as a formula as the product of: Service already provided Percentage Final year's salary is projected to be 104,000 45 20 2.0% years of service years years 22 2.0% 187,500 $

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