Find the duration of the plan obligations

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Question: A pension plan is obligated to make disbursements of $10 million, $25 million, and $12 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 7% annually. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132032256

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