Question
A pension plan is obligated to make disbursements of $2.4 million, $3.4 million, and $2.4 million at the end of each of the next three
A pension plan is obligated to make disbursements of $2.4 million, $3.4 million, and $2.4 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 10% annually. (Do not round intermediate calculations. Round your answer to 4 decimal places.) Duration years
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The Engineers Cost Handbook Tools For Managing Project Costs
Authors: Richard E. Westney
1st Edition
0824797965, 978-0824797966
