Juliana started working at Nathalina Incorporated in 2020 at age 30 and earned a salary...
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Juliana started working at Nathalina Incorporated in 2020 at age 30 and earned a salary of $64,000 in her first year. She is entitled to a pension equal to 2% of final pay for each year of service, with payment made at the beginning of each retirement year she will work until she is 55 years old. Salaries will grow at 5% per year. Average life expectancy is 20 years after retirement Discount rate is 6% Required: Given the above information, calculate the required funding at the end of the first year (2020) and second year (2021) for the three methods: Accumulated Benefit method. Projected Unit method and Level Contribution method. SHOW ALL CALCULATIONS for each method. Type your answer in the space provided NOTE: This question is manually marked by Instructor Essay Toolbar navigation BIVS A2 Juliana started working at Nathalina Incorporated in 2020 at age 30 and earned a salary of $64,000 in her first year. She is entitled to a pension equal to 2% of final pay for each year of service, with payment made at the beginning of each retirement year. She will work until she is 55 years old. Salaries will grow at 5% per year. Average life expectancy is 20 years after retirement Discount rate is 6%. Required: Given the above information, calculate the required funding at the end of the first year (2020) and second year (2021) for the three methods: Accumulated Benefit method, Projected Unit method and Level Contribution method. SHOW ALL CALCULATIONS for each method. Type your answer in the space provided NOTE: This question is manually marked by Instructor Essay Toolbar navigation BI U S Ev Juliana started working at Nathalina Incorporated in 2020 at age 30 and earned a salary of $64,000 in her first year. She is entitled to a pension equal to 2% of final pay for each year of service, with payment made at the beginning of each retirement year she will work until she is 55 years old. Salaries will grow at 5% per year. Average life expectancy is 20 years after retirement Discount rate is 6% Required: Given the above information, calculate the required funding at the end of the first year (2020) and second year (2021) for the three methods: Accumulated Benefit method. Projected Unit method and Level Contribution method. SHOW ALL CALCULATIONS for each method. Type your answer in the space provided NOTE: This question is manually marked by Instructor Essay Toolbar navigation BIVS A2 Juliana started working at Nathalina Incorporated in 2020 at age 30 and earned a salary of $64,000 in her first year. She is entitled to a pension equal to 2% of final pay for each year of service, with payment made at the beginning of each retirement year. She will work until she is 55 years old. Salaries will grow at 5% per year. Average life expectancy is 20 years after retirement Discount rate is 6%. Required: Given the above information, calculate the required funding at the end of the first year (2020) and second year (2021) for the three methods: Accumulated Benefit method, Projected Unit method and Level Contribution method. SHOW ALL CALCULATIONS for each method. Type your answer in the space provided NOTE: This question is manually marked by Instructor Essay Toolbar navigation BI U S Ev
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