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An investment pays 1 , 0 0 0 at the end of year 1 , 2 , 0 0 0 at the end of year

An investment pays 1,000 at the end of year 1,2,000 at the end of year 2, and 3,000 at the end of year 3. It was purchased to Vield an annual rate of 3%. Find the modified duration for this investment. (Round vour answer to the nearest 2 decimals)
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