Business, 01.03.2021 22:10 TKwan

A pension fund must pay out $1 million next year, $2 million the following year, and then $3 million the year after that. If the discount rate is 8%, what is the duration of this set of payments? a. 2.00 years
b. 2.15 years
c. 2.29 years
d. 2.53 years

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A pension fund must pay out $1 million next year, $2 million the following year, and then $3 million...

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