2% of $65000 = $1300 x 15 = $19,500 per year (which sucks).
Hope that helps.
Classical conditioning. When Claude came into contact with a particular scenario (Texas accent) he experienced a negative outcome (being robbed) so now he associates the negative outcome with the scenario where he encountered it.
Answer:
$448,800
Explanation:
The computation of the ending balance of PBO is shown below:
Beginning balance of PBO $390,000
Add: Service cost $92,000
Add: Interest ($390,000 × 12%) $46,800
Less: Pension Benefit paid ($80,000)
Closing balance of PBO $448,800
We simply applied the above formula to find out the ending balance of PBO
