Question
A pension plan is obligated to make disbursements of $2.5 million, $3.5 million, and $2.5 million at the end of each of the next three
A pension plan is obligated to make disbursements of $2.5 million, $3.5 million, and $2.5 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.)
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International Finance Transactions Policy And Regulation
Authors: Hal S. Scott
15th Edition
159941547X, 978-1599415475
