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8. Calculating Interest Rates [LO3] According to the Census Bureau, in 2016 the average house price in the United States was $354,900. In 2000, the
8. Calculating Interest Rates [LO3] According to the Census Bureau, in 2016 the average house price in the United States was $354,900. In 2000, the average price was $215,100. What was the annual increase in selling price? *Hint: PV needs to be negative RATE PV Periods FV 10. Calculating Present Values [LO2] Imprudential, Inc., has an unfunded pension liability of $415 million that must be paid in 20 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 5.2 percent, what is the present value of this liability? RATE PV Periods FV
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