Yes, not all sources are reliable.
Answer:
Is a contractual agreement between an employer and its employees in which the employer provides benefits to employees after they retire.
Explanation:
A pension plan is a contractual agreement between an employer and its employees in which the employer provides benefits to employees after they retire.
Generally, there are two main types of pension plans offered by pension funds administrators (pfa);
1. Defined-Benefit Plans: employees are guaranteed to receive a definitive amount of money upon retirement by their employer.
2. Defined-Contribution Plans: employees make certain contributions of money in line with their employer's pension plans.
Answer:
the net present value is $3,600
Explanation:
The computation of the net present value is shown below:
Net present value = Incremental value - additional cost incurred
where,
Incremental value is $2,800
And, the additional cost incurred is
= $37,000 - 1,800 × $21
= $37,000 - $37,800
= -$800
So, the net present value is
= $2,800 - (-$800)
= $3,600
Hence, the net present value is $3,600