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An insurance company has two liabilities to meet according to the Table 1. Table 1 Presesent Value Liability Maturity $Liab Spot rate of leability Provide
| An insurance company has two liabilities to meet according to the Table 1. | Table 1 | Presesent Value | |||||||
| Liability | Maturity | $Liab | Spot rate | of leability | |||||
| Provide the present value of each liability and the PV of the total liabilities in the yellow highlighted area in K4:K6 | 1 | 6 | $5,000,000.00 | 0.06 | |||||
| 2 | 10 | $3,000,000.00 | 0.074 | ||||||
| Total PV= | |||||||||
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Money Banking And Financial Markets
Authors: Stephen Cecchetti
2nd Edition
0073523097, 9780073523095
