What is the total pension expense for the following plan after 10 years? "The company must contribute $100/year for each of its 500 employees. The plan hopes to accumulate enough funds so that each retiree receives $10,000 in the future; the plan does not guarantee the investment returns to the employees."
A) $1,000
B) $100,000
C) $500,000
D) $5,000,000
Correct Answer:
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