Multiple Choice
Friendly Companies has an unfunded pension liability of $327 million that must be paid in 16 years. What is the present value of this liability at a discount rate of 6.24 percent?
A) $129,803,162.22
B) $111,438,907.11
C) $124,147,723.50
D) $134,519,484.14
E) $121,511,366.67
Correct Answer:
Verified
Correct Answer:
Verified
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