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A pension plan is obligated to make disbursements of $10 million, $25 million, and $12 million at the end of each of the next three

A pension plan is obligated to make disbursements of $10 million, $25 million, and $12 million at the end of each of the next three years, respectively. Find the duration of the plans obligations if the interest rate is 7% annually.

A. 2.672 years

B. 1.755 years

C. 3.224 years

D. 2.011 years

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