If the question arises that how much the company should pay lump sum today so that a future pension plan could be purchased then it is.
A. Future value of annuity
B. Present value of annuity
C. Both a & b
D. None of the above
Answer:B
If the question arises that how much the company should pay lump sum today so that a future pension plan could be purchased then it is.
A. Future value of annuity B. Present value of annuity C. Both a & b D. None of the above