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What is the angular resolution of the human eye?
Interest Cost
The total amount of interest that will be incurred over the lifetime of a debt.
Service Cost
The actuarial present value of benefits attributed by the pension plan formula to employee service during the period.
Pension Plan
A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit.
Overfunded
A situation where a pension plan's assets exceed its liabilities, indicating that there are more than enough funds to meet future obligations.
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