FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company has a pension liability of $370.000.000 that it must pay in 22 in years. It can earn an annual interest rate of 33

image text in transcribed
A company has a pension liability of $370.000.000 that it must pay in 22 in years. It can earn an annual interest rate of 33 percent, how much must it deposit today to fund this liability Mutiple Choice 59159402.33 $162.87206948 $181131778.35 5152 892074

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Biblical Finance Reflections On Money Wealth And Possessions

Biblical Finance Reflections On Money Wealth And Possessions

Authors: Mark Lloydbottom, Keith Tondeur

1st Edition

0956395023, 978-0956395023

More Books

Students also viewed these Finance questions

Question

★★★★★
Sallie Mae researchers report that the average college junior has a credit card debt of $2912. Under the assumption that this finding was based on the sample data in file XR09040, construct and...

Answered: 1 week ago

Question

★★★★★
3. How does the site demonstrate the creative ability of the agency? Does the site do a good job of communi- cating the mission of the agency? Explain. Much of the advertising you see every day on...

Answered: 1 week ago

Question

★★★★★
A box contains six white stones and six black stones. Peter selects three stones at random without replacement. Let Y be the random variable that represents the number of white stones minus the...

Answered: 1 week ago

Question

★★★★★
Use the information provided in Problem P3-18 about Superstar Ice Rinks Inc. (SIR) to do the following: a. Prepare all necessary journal entries for fiscal 2017. Provide an explanation for each...

Answered: 1 week ago

Question

★★★★★
A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that...

Answered: 1 week ago

Question

★★★★★
Ways to use global ecomomic structures to address injustice include all of the following except: a. forced deportations b. economic sanctions c. Global Resource Dividend d. Tobin tax

Answered: 1 week ago

Question

★★★★★
Judging types (J) tend to intermix work and play. Group of answer choices True False

Answered: 1 week ago

Question

★★★★★
Patrick Corporation acquired 100 percent of O'Brien Company's outstanding common stock on January 1 for $617,000 in cash. O'Brien reported net assets with a carrying amount of $351,000 at that time....

Answered: 1 week ago

Question

★★★★★
Question two Ever since he was a small boy Nephew has dreamed of owning a car repair business. Following high school, Nephew borrows money from Bankco and enrolls and pays his own way through...

Answered: 1 week ago

Question

★★★★★
To deal with the continuous disappointing news in the job market, government increased spending. The short-run effect of the policy is ________ a.economic expansion and lower interest rate. b.no...

Answered: 1 week ago

Question

★★★★★
This house is new and how to set up the network in this house? CLOSET BATH 3 CLOS MASTER BATH SITTING 8'6"X7'0" BALCONY 10'4"x5'8" MASTER WARDROBE MASTER SUITE 18'0"x14'0" UTILITY LIFT DEN...

Answered: 1 week ago

Question

★★★★★
2. Whats involved in listening?

Answered: 1 week ago

Question

★★★★★
2. Spend time with people you do not usually interact with. If you are engaged in a service learning project, your community partners would be a good choice. Practice using minimal encouragers and...

Answered: 1 week ago

Question

★★★★★
1. How do listening and hearing diff er?

Answered: 1 week ago

Previous Question Next Question