A pension fund must pay out 2 million in one year 5 million
A pension fund must pay out $2 million in one year, $5 million the following year, and then $4 million the year after that. If the discount rate is 6%, what is the duration of this set of payments?
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a pension fund must pay out 2 million in one year 5 million the following year and then 4 million the year after that
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