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

Accounting

Problem:

A pension plan is obligated to make disbursements of $2.6 million, $3.6 million, and $2.6 million at the end of each of the next three years, respectively.

Required:

Question: Find the duration of the plan's obligations if the interest rate is 7% annually.

Note: Explain all calculation and formulas.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169738

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