Morgan Company sponsors a postretirement health care plan for its employees. At the end of the current year, the expected postretirement benefit obligation (EPBO) relating to a particular employee is $25,000. To date, the employee has completed 10 of her 25 years of total expected service. The APBO at the end of the year relating to this employee is equal to

APBO at end = $10,000

Explanation:

Given:

Expected postretirement benefit = $25,000

Years 10 to 25 years

Missing information:

Discount rate = 6% = 0.06

Find:

APBO at end

Computation :

APBO at end = Expected postretirement benefit[10/25]

APBO at end = 25,000[10/25]

APBO at end = 1,000[10]

APBO at end = $10,000

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you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%