A pension plan is obligated to make disbursements of 13, Ask an Expert

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A pension plan is obligated to make disbursements of $1.3 million, $2.3 million, and $1.3 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 12% annually. (Do not round intermediate calculations. Round your answer to 4 decimal places.)

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Category:- Financial Management
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