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Question 3: Use the following information on Assets to calculate the weighted average duration for each asset type in the fill in the box at

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Question 3: Use the following information on Assets to calculate the weighted average duration for each asset type in the "fill in the box" at the bottom of table. Assets: 3 year Consumer Loans with an average interest rate of 7% Cash Flow (CF) Present Value Factor (PVF) $561,300 935 $766,010 .873 $2,702,883 .816 $0 N/A $0 N/A 5 Year Commercial Loans with an average interest rate of 10% Cash Flow (CF) Present Value Factor (PVF) $755,299 .909 $1,254,503 .826 $1,855,631 .751 $3,214,131 .683 $4,005,543 .621 A. Calculate the weighted average duration for 3-year consumer loans. show in the x.xx format | B. Calculate the weighted average duration for 5-year commercial loans. show in the x.xx format

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