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MBA,MCS,M.phil
Devry University
Jan-2008 - Jan-2011
MBA,MCS,M.Phil
Devry University
Feb-2000 - Jan-2004
Regional Manager
Abercrombie & Fitch.
Mar-2005 - Nov-2010
Regional Manager
Abercrombie & Fitch.
Jan-2005 - Jan-2008
You have been called in to evaluate whether a pension fund is adequately funded to meet its obligations. The cashflow obligations of the fund are defined below:
$ 1 million a year : 1990-94 ( Years 1-5)
$ 2 million a year : 1995-99 ( Years 6-10)
$ 5 million a year : 2000-09 ( Years 11-20)
How much would the fund need to have right now to meet these obligations, if the interest rate on its deposits is 10% ?
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