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Please help me solve B/C. I do not understand how to calculate the weight for part B/C. Thank you My pension plan will pay me

Please help me solve B/C. I do not understand how to calculate the weight for part B/C. Thank you

My pension plan will pay me $17,000 once a year for a 10-year period. The first payment will come in exactly five years. The pension fund wants to immunize its position.

a.What is the duration of its obligation to me? The current interest rate is 11.0% per year.(Do not round intermediate calculations. Round your answerto 4 decimal places.)

Duration 8.6544

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