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QUESTION 4 (a) A pension fund must pay $1,000 at the end of each of the next five years. Find the Present Value and Duration

QUESTION 4 (a) A pension fund must pay $1,000 at the end of each of the next five years. Find the Present Value and Duration for this set of payments when the interest rate used to find the discounted value is 0.05 or 5 %

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