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Answer to Question #39693 in Calculus for SANTOSH

Question #39693
A firm has an estimated pension liability of Rs. 1.5 million due 27 years from today. If the firm can invest in a risk-free security with an interest rate of 8 percent, how much must the firm invest today to be able to make the Rs. 1.5 million payment?
1
Expert's answer
2014-03-05T06:21:49-0500
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