XYZ Corp. has an unfunded pension liability of $632 million that comes due in 15 years. Management believes that interest rates will generally drop over this period and would like to fund this liability now in order to take advantage of the relatively high current interest rate. If the discount rate is currently 8.8%, what will it take to fund this liability? (Round answer to 2 decimal places. Do not round intermediate calculations).

In January 2007, the average price of an asset was $26366. 8 years earlier, the average price was $19235. What was the annualized increase in selling price? (Answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations).

You have been offered two different salary arrangements. You can have $134634 per year for the next two years, or you can have $48840 per year for the next two years, along with a $25103 signing bonus today. The bonus is paid immediately, and the salary is paid at the end of each year.

A 14-year annuity pays $1597 per month with payments made at the end of each month. The interest rate is 9%, compounded monthly, for the first five years and 6%, compounded monthly, thereafter.

Living Large Insurance Co. is selling a perpetuity contract that pays $1442 monthly. The contract currently sells for $81508.