Find the duration of the plans obligations if the interest


A pension plan is obligated to make disbursements of $1 million, $2 million, and $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 10% annually.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Find the duration of the plans obligations if the interest
Reference No:- TGS02683155

Expected delivery within 24 Hours