A pension plan has promised to pay out $25 million per year over the next 15 years to its employees. Actuaries estimate the rate of return on the fund's assets will be 5.50 percent. What amount of pension fund reserves (to the nearest dollar) are needed for the plan to be fully funded?
A. $310,945,678
B. $202,345,555
C. $198,466,231
D. $375,000,000
E. $250,939,524
Answer: E
You might also like to view...
Josh gets his bike serviced at Dean's Garage even though there's another garage much closer to home. He prefers Dean's because the work is usually done quickly and the staff try to solve the issues with the bike as soon as possible
Dean's Garage excels at which of the following five determinants of service quality? A) reliability B) responsiveness C) assurance D) empathy E) tangibles
Which of the following is a benefit a company can gain through using a CRM system?
A) creating marketing messages that appeal to all of its customers B) reducing employee hours spent managing information flow C) reducing company technology expenditures D) identifying dissatisfied customers before losing them to the competition E) eliminating the need for costly loyalty programs
Discuss what causes differences in interpretation. Provide an example of communication that involves interpretation problems
Under which of the following conditions will the FIFO method produce the same cost of goods manufactured as the weighted-average method?
A. There is no beginning inventory. B. The beginning and ending inventories are equal. C. The beginning and ending inventories are both 50% complete. D. There is no ending inventory.