Question
A pension plan is obligated to make disbursements of $3.3 million, $4.0 million, and $3.3 million at the end of each of the next three
| A pension plan is obligated to make disbursements of $3.3 million, $4.0 million, and $3.3 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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Trade Union Finance
Authors: Marick F. Masters, Raymond Gibney
1st Edition
1032371382, 978-1032371382
