Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a pension plan is obligated to make disbursements

A pension plan is obligated to make disbursements of $4 million, $9 million, and $7 million...

80.2K

Verified Solution

Question

Finance

A pension plan is obligated to make disbursements of $4 million,$9 million, and $7 million at the end of each of the next threeyears, respectively. Find the duration of the plan's obligations ifthe interest rate is 9.5% annually. (Round your answer to 4decimal places.)

Answer & Explanation Solved by verified expert
4.1 Ratings (769 Votes)
SEE THE    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

A pension plan is obligated to make disbursements of $4 million,$9 million, and $7 million at the end of each of the next threeyears, respectively. Find the duration of the plan's obligations ifthe interest rate is 9.5% annually. (Round your answer to 4decimal places.)

Other questions asked by students

Q

You and your friends are picking up videos at a video store. You have selected...

Algebra
Q

Formulate a system of equations for the situation below and solve. A manufacturer of women's blouses makes...

Basic Math
Q

A batter hits a fly ball which leaves the bat 0.96 mabove the ground at an...

Physics
Q

For the solidification of pure gold, calculate the critical radius (r*) and the activation freeenergy (\Delta...

Mechanical Engineering
Q

Consider the stellar atmosphere consisting of hydrogen atoms which is in thermal equilibrium Let the...

Physics
Q

Evaluate the following limit lim sinx cotx X 0 lim sinx cotx X 0 Simplify...

Calculus
Q

8 Function Notation Let f x x 1 and find f a 2

Algebra
Q

In a current (nonliquidating) distribution, loss never is recognized. a. True b. False

Accounting
Q

SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's...

Accounting
Q

The following data, presented in alphabetical order, are taken from the records of Nieto Corporation...

Accounting
Q

A job requires 70 kilograms of materials, 7 direct labour hours and overheads are allocated...

Accounting
Q

- mas comoda y soy to wwe te Gerson to buy the XC70 vestiges Mantang...

Finance