Today is John's 57^th birthday and he has served 14 years for his firm.John is expected to retire on his 65^th birthday.His firm expects to incur $5,000 of annual net health care claims costs for John beginning one year after his retirement date and continuing each year for a total of seven years (assume seven end of year payments in all).To be fully eligible for these benefits,John must work 20 years.Compute expected post-retirement benefit obligation for John today if the discount rate is 8%. A) $15,244 B) $12,322 C) $18,916 D) $14,064

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The Answer of Today is John's 57^th birthday and he has served 14 years for his firm.John is expected to retire on his 65^th birthday.His firm expects to incur $5,000 of annual net health care claims costs for John beginning one year after his retirement date and continuing each year for a total of seven years (assume seven end of year payments in all).To be fully eligible for these benefits,John must work 20 years.Compute expected post-retirement benefit obligation for John today if the discount rate is 8%. A) $15,244 B) $12,322 C) $18,916 D) $14,064

Today Is John's 57th Birthday and He Has Served 14

Today Is John's 57^th Birthday and He Has Served 14