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defined benefit pension plan has expected payouts of $5 million per year over the next 30 years. The fund can be expected to earn an
defined benefit pension plan has expected payouts of
$5
million per year over the next 30 years. The fund can be expected to earn an average of
6%
on its assets. It currently has\ eserves of
$65
million. The fund is underfunded by about
$
\ million. (Round your final answer to 2 decimal places.)
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