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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 of the interest rate is 10% annually (Do not round intermediate calculations. Round your answer to 4 decimal places.) Duration years
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Financial Management For Decision Makers
Authors: Peter Atrill
9th Edition
1292311436, 978-1292311432
