Asset or Liability	market value (in $million)	Duration (in years)
Federal funds deposit	$32	0
accounts receivable	575.0	0.25
Short-term loans	340.5	0.70
long-term loans	98.3	5.30
Mortgages	485.5	12.90
checking and saving deposit	630.0	0
certificates of deposit	410.2	1.65
long term financing	336.1	9.85
equity	155.0	n/a

Blue steel community bank has the market value balance sheet above:

a. what is the duration of assets? do not round intermediate calculations and round your answer to 2 decimal places

duration = ? years

b. what is the duration of liabilities ? do not round intermediate calculations and round your answer to 2 decimal places

duration = ? years