Question: Please include with your answer the excel formula used to answer the question (EX. =FV, =PV, =NPER, =RATE) Imprudential, Inc. has unfunded pension liability of

Please include with your answer the excel formula used to answer the question (EX. =FV, =PV, =NPER, =RATE)

Imprudential, Inc. has unfunded pension liability of $575 million that must be paid in 20 years. To assess the value of the firms stock, financial analysts want to discount this liability back to the present.
If the relevant discount rate is 4.8%, what is the present value of this liability?

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