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A financial instrument provides three future cash flows: $ 1 , 4 0 6 . 0 1 at the end of 2 years $ 2

A financial instrument provides three future cash flows:
$1,406.01 at the end of 2 years
$2,596.43 at the end of 8 years
$1,172.62 at the end of 13 years
Calculate the duration (D) of the financial instrument at a yield of 7% pa compounded yearly. Give your answer in years to 2 decimal places
.
D= years
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