Question: i need help with this question in 15 min please A pension fund must pay out $1 million next year, $2 million the following year,
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? 2.53 years 2 years 2.29 years 2.15 years
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