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PLEASE ANSWER ALL PARTS FOR THUMBS UP!! Problem 8 Intro A corporate pension plan has to make the following payments over the next few years:

PLEASE ANSWER ALL PARTS FOR THUMBS UP!! image text in transcribed
Problem 8 Intro A corporate pension plan has to make the following payments over the next few years: Year 1 2 3 4 Amount ($ million) 22 26 32 40 The appropriate interest rate is 5%. Part 1 IB Attempt 1/10 for 10 pts. What is the present value of the liability (in $ million)? 0+ decimals Submit IB Attempt 1/10 for 10 pts. Part 2 What is the duration of the liability? 2+ decimals

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