Question: A pension fund manager knows that the following liabilities must be satisfied:
![94_Liability.png](https://secure.tutorsglobe.com/CMSImages/94_Liability.png)
Suppose that the pension fund manager wants to invest a sum of money that will satisfy this liability stream. Assuming that any amount that can be invested today can earn an annual interest rate of 7.6%, how much must be invested today to satisfy this liability stream?