Find the duration of the plans obligations if the interest, Financial Management

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Find the duration of the plans obligations if the interest

A pension plan is obligated to make disbursements of $1.6 million, $2.6 million, and $1.6 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. (Do not round intermediate calculations. Round your answer to 4 decimal places.)

Duration years

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Financial Management: Find the duration of the plans obligations if the interest

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