Use the following information on liabilities to calculate the weighted average duration for each liability type in the "fill in the box" at the bottom of table.

Liabilities:

2 year CD deposit with an average interest rate of 3%

Cash Flow (CF)	Present Value Factor (PVF)
$5,822,155	.971
$4,400,000	.943
$0
$0
$0

3 Year Bonds with an average interest rate of 5%

Cash Flow (CF)	Present Value Factor (PVF)
$150,00	.952
$150,00	.907
$3,150,000	.864
$0	N/A
$0	N/A

A. Calculate the weighted average duration for the 2-year CD Deposits. show in the x.xx format

B. Calculate the weighted average duration for the 3-year Bonds. show in the x.xx format