Once a year My Pension plan will pay me$.$

$$25,000\mathrm{.}00$

This will happen over a period of $10$ years.

However, the first payment will not start until $6$ years from today.

There will be no receipt of money in years $1$ through $5$ only years $6$ through $15.$

The expected discount rate is based on Bonds that have an annual YTM of

$12\mathrm{.}00\%$

What is the annual duration of the obligation over this entire time period?

Round your answer to two decimal points $($i$.$e$.,1\mathrm{.}25)$

The suggested Duration Model:

Time Until Cash. PV of CF Weight Duration

Payment. Flow@YTM

Years