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Your manager knows that you are an expert in calculating the duration of bonds. But, he asks you that whether it is possible to calculate

Your manager knows that you are an expert in calculating the duration of bonds. But, he asks you that whether it is possible to calculate the duration of a loan instead. Suppose that the loan has an amount of 100.000 TL, a maturity of 3 years, an annual market interest rate of 12%, and semi-annual payments. What can be the approximate duration of such a loan?

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