Question: Please show full explanation 8. Using a discount rate 4% compounded continuously, a pension fund estimates the present value and duration of its liabilities to

Please show full explanation 8. Using a discount rate 4% compounded

Please show full explanation

8. Using a discount rate 4% compounded continuously, a pension fund estimates the present value and duration of its liabilities to be $1.8 billion and 15.2 years, respectively. Estimate the dollar value of the plan's liabilities, assuming the discount rate decreases to 3.75% compounded continuously

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