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You are the chief financial officer of a firm. The firm has an expected liability (cash outflow) of $2 million in ten years at a discount rate of 5%.
You are the chief financial officer of a firm. The firm has an expected liability (cash outflow) of $2 million in ten years at a discount rate of 5%.
 Calculate the amount the firm would need on the present date as savings to cover the expected liability.
 Calculate the amount the firm would need to set aside at the end of each year for the next ten years to cover the expected liability.
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******* value * PV * FV/(1+r)t= ********************** to *** ***** each **** * * * ****************** * 1227827*005/(11/10510) *********