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(Solved) (Latest ver. Aug 2020) - Investment for Pension Liability

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A firm has an estimated pension liability of $1.5 million due 27 years from today. If the firm can invest in a risk-free security with an interest rate of 8%, how much must the firm invest today to be able to make the $1.5 million payment? (Must use Microsoft Excel)


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This question was answered on: Sep 16, 2020

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