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Business, 09.12.2021 02:20 Parmenter

A pension plan is obligated to make disbursements of $1 million, $2 million, and $1 million at the end of each of the next three years, respectively. Find the duration of the plan’s obligations if the interest rate is 10% annually.

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A pension plan is obligated to make disbursements of $1 million, $2 million, and $1 million at the e...
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