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A pension fund must pay out $3 million next year, $2 million the following year, and then $1 million the year after that. If the

A pension fund must pay out \$3 million next year, \$2 million the following year, and then \$1 million the year after that. If the discount rate is 6%, what is the duration of this set of payments? 1.8 years 2.94 years 2.29 years 1.63 years

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