Question: 8.) Using the information below calculate the present value of the retirement benefits (projected benefits obligation) as of the current date (end of 2017). Write

8.) Using the information below calculate the present value of the

8.) Using the information below calculate the present value of the retirement benefits (projected benefits obligation) as of the current date (end of 2017). Write the answer in on the cover sheet. FACTS: The company has a defined benefit plan Riley's salary at the end of 2017 Retirement expected after Retirement period is expected to be Interest Rate $ 64,000 37 16 1.5% years of service years years Benefits are calculated as a formula as the product of: Service already provided Percentage Final year's salary is projected to be 2.0% $ 175,000

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