How much must be invested to satisfy this liability stream

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Question: A pension fund manager knows that the following liabilities must be satisfied:

94_Liability.png

Suppose that the pension fund manager wants to invest a sum of money that will satisfy this liability stream. Assuming that any amount that can be invested today can earn an annual interest rate of 7.6%, how much must be invested today to satisfy this liability stream?

Reference no: EM131779467

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