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