Question
A pension plan is obligated to make disbursements of $1.7 million, $2.7 million, and $1.7 million at the end of each of the next three
A pension plan is obligated to make disbursements of $1.7 million, $2.7 million, and $1.7 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 8% annually. (Do not round intermediate calculations. Round your answer to 4 decimal places.)
Duration years
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The Illusion Of Control Why Financial Crises Happen And What We Can And Cannot Do About It
Authors: Jon Danielsson
1st Edition
0300234813, 0300265093, 9780300234817, 9780300265095
