Calculate the present value of the following liabilities under an interest rate of i = 7% per
Question:
Calculate the present value of the following liabilities under an interest rate of i = 7% per annum.
a. £1m due in 6.5 years.
b. £3.50 due in 4 months.
c. £10,000 due in 30 years.
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a We discount 1m backward by 65 years and ...View the full answer
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Related Book For 
Introduction To Actuarial And Financial Mathematical Methods
ISBN: 9780128001561
1st Edition
Authors: Stephen Garrett
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