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Your firm offers a pension fund to its employees and you are in charge of funding it. You have estimated annual payments of $2.6 million

Your firm offers a pension fund to its employees and you are in charge of funding it. You have estimated annual payments of $2.6 million for 25 years with the first payment occurring in 15 years. If your discount rate is 10%, how much must you deposit today to completely fund your pension obligation?

A. $23,600,304

B. $5,649,725

C. $6,214,698

D. $67,334,422

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