Question
A company has a pension liability of $440,000,000 that it must pay in 29 years. If it can earn an annual interest rate of 4
A company has a pension liability of $440,000,000 that it must pay in 29 years. If it can earn an annual interest rate of 4 percent, how much must it deposit today to fund this liability?
Multiple Choice
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$112,973,212.81
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$135,660,213.91
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$122,766,607.13
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$141,086,622.46
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$47,049,210.09
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Public Finance
Authors: Harvey S. Rosen
5th Edition
025617329X, 978-0256173291
