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$1,713.91 at the end of 3 years $2,753.59 at the end of 7 years $2,192.11 at the end of 13 years Calculate the duration (D)
$1,713.91 at the end of 3 years $2,753.59 at the end of 7 years $2,192.11 at the end of 13 years Calculate the duration (D) of the financial instrument at a yield of 5% pa compounded yearly. Give your answer in years to 2 decimal places.
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