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Giulianna started working at Sabina Incorporated in 2020 at age 35 and earned a salary of $70,000 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 60 years old. Salaries will grow at 3% 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. NIGTE Ilvmarked by Instructor Giulianna started working at Sabina Incorporated in 2020 at age 35 and earned a salary of $70,000 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 60 years old. Salaries will grow at 3% 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. NIGTE Ilvmarked by Instructor

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