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Problem 11-10 A pension plan is obligated to make disbursements of $2 million, $9 million, and $7 million at the end of each of the

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Problem 11-10 A pension plan is obligated to make disbursements of $2 million, $9 million, and $7 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 16.0% annually (Round your answer to 4 decimal places.) Duration years

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