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A company has a pension liability of $ 3 5 0 , 0 0 0 , 0 0 0 that it must pay in 2

A company has a pension liability of $350,000,000 that it must pay in 20 years. If it can earn an annual interest rate of 3.1 percent, how much must it deposit today to fund this liability? (Assume annual compounding.)

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