Question: problem 8 Intro A corporate pension plan has to make the following payments over the years: 1 2 3 4 Year Amount ($ million) 16

problem 8

Intro A corporate pension plan has to make the following payments over the years: 1 2 3 4 Year Amount ($ million) 16 20 26 34 The appropriate interest rate is 7%. IB Attempt 1/10 Part 1 What is the present value of the liability (in $ million)? 0+ decimals Submit Te Attempt 1/10 Part 2 What is the duration of the liability? 2+ decimals Submit

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