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A thirty-year mortgage with no early repayment option is repaid with level monthly payments. The interest rate on the mortgage is 8.1% nominal convertible monthly.

A thirty-year mortgage with no early repayment option is repaid with level monthly payments. The interest rate on the mortgage is 8.1% nominal convertible monthly. Calculate the Macaulay duration on the mortgage at the equivalent annual effective interest rate. (Round your answer to two decimal places.)

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