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A loan is to be repaid with payments of $1000 at the end of one year, $2000 at the end of two years, and $3000

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A loan is to be repaid with payments of $1000 at the end of one year, $2000 at the end of two years, and $3000 at the end of three years. The effective rate of interest is 25%. Find the modified duration. Leave your answer to the nearest 0.001

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