What is the present value of the pension liability if the appropriate annual discount rate for plan...
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The Projected Present Value of an Ordinary Annuity. A German pension fund manager anticipates that benefits of €1 million per year must be paid to retirees. Retirements will not occur until 10 years from now at time t = 10. Once benefits begin to be paid, they will extend until t = 39 for a total of 30 payments. What is the present value of the pension liability if the appropriate annual discount rate for plan liabilities is 5 percent compounded annually? Jun 11 2014 11:04 AM
Solution ID:608798 | This paper was updated on 26-Nov-2015Price : $24