Question
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
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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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
