Thank you for your help! Is this an NPV problem?

Amount (SMM) Years Amount (SMM) Years $2.20 1 $2.90 11 2 $2.20 $2.85 12 3 $2.25 $2.80 13 $2.40 $2.70 4 14 5 $2.50 15 $2.65 $2.55 $2.50 16 6 $2.45 $2.60 7 17 $2.35 $2.70 18 9 $2.75 19 $2.30 $2.20 $2.85 10 (a) If the manager can invest at an annual interest rate of 3.50% , compounded annually how much must be invested today? 20 A pension fund manager knows the following liabilities must be satisfled. The manager will invest money today in an amount sufficient to pay all of the liabilities in full. The payments are due at the end of year year. Amount (SMM) Amount ($MM) Years Years $2.90 11 $2.20 1 $2.85 12 $2.20 2 $2.80 13 $2.25 3 $2.70 $2.40 14 4 $2.65 15 $2.50 5 $2.50 16 $2.55 6 $2.45 17 $2.60 7 $2.35 18 $2.70 $2.30 19 $2.75 9 $2.20 20 $2.85 10 (a) If the manager can invest at an annual interest rate of 3.50% , compounded annually how much must be invested today