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Business, 20.10.2020 21:01 nicky123415

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?

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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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