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Solve for the unknown number of years in each of the following (Do not round intermediate calculations and round your final answers to 2 decimal
Solve for the unknown number of years in each of the following (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): Present Value Years Interest Rate Future Value Imprudential, Inc. has an unfunded pension liability of $565 million that must be paid in 15 years. To assess the value of the firm?s stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 5.8 percent, what is the present value of this liability? (Enter your answer in dollars not in millions. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Present value $ value: Bob bought some land costing $15,990. Today, that same land is valued at $46,017. How long has Bob owned this land if the price of land has been increasing at 5 percent per year? 23.85 years 13.70 years 22.71 years 14.39 years 21.67 years
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