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QID: #6649
Solution for QID #6649: beneficiaries of$4,000,000per year, with those payouts expec | StudyHelpMe
beneficiaries of $4,000,000 per year, with those payouts expected to grow with a forecasted inflation rate of 2% per year for 30 years. Compute how much money the pension fund currently needs to have now in order to fully fund that liability if interest rates are 2.87% (and ensure those payouts to pensioners are made)
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