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A pension plan is obligated to make disbursements of $ 1 . 1 million, $ 2 . 1 million, and $ 1 . 1 million
A pension plan is obligated to make disbursements of $ million, $ million, and $ 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 annually. Do not round intermediate calculations. Round your answer to decimal places.
A pension plan is obligated to make disbursements of $ million, $ million, and $ 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 annually. Do not round intermediate calculations. Round your answer to decimal places.
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