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Please answer, and Explain. Thankyou! II. A pension plan is obligated to make disbursements of $2 mm, $3 mm and $2 mm at the end

image text in transcribedPlease answer, and Explain. Thankyou!

II. A pension plan is obligated to make disbursements of $2 mm, $3 mm and $2 mm 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

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