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A pension plan is obligated to make disbursements of $10 million, $8 million, and $4 million at the end of each of the next three

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A pension plan is obligated to make disbursements of $10 million, $8 million, and $4 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 11.0% annually. (Round your answer to 4 decimal places.) Duration years

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