1.Imprudential, Inc., has an unfunded pension liability of $758 million that must be paid in 15 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present.

If the relevant discount rate is 7 percent, what is the present value of this liability?(Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, roundedto 2 decimal places, e.g., 1,234,567.89.)

2.Your coin collection contains 58 1952 silver dollars.If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2054, assuming they appreciate at an annual rate of 6.5 percent?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

3.You have decided that you want to be a millionaire when you retire in 44 years.

a.If you can earn an annual return of 11.14 percent, how much do you have to invest today?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b.What if you can earn an annual return of 5.57 percent?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

4.Assume you deposit $4,900 at the end of each year into an account paying 11.75 percent interest.

a.How much money will you have in the account in 22 years?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b.How much will you have if you make deposits for 44 years?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)