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An MBS consists of 3 underlying loans as follows. What is the weighted average maturity of this MBS deal? Loan 1 : i = 1

An MBS consists of 3 underlying loans as follows. What is the weighted average maturity of this MBS deal?
Loan 1:i=12%, Principal =$155,000, Maturity =25 years;
Loan 2:i=13%, Principal =$150,000, Maturity =27 years;
Loan 3:i=10%, Principal =$210,000, Maturity =19 years
23.7 years
23.1 years
24.0 years
24.8 years
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