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Required: A pension plan is obligated to make disbursements of $1.1 million, $2.1 million, and $1.1 million at the end of each of the next

image text in transcribed Required: A pension plan is obligated to make disbursements of $1.1 million, $2.1 million, and $1.1 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 11% annually. (Do not round intermediate calculations. Round your answer to 4 decimal places.)

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