Question: Full explanation with accurate answer please 3. 4 pts] Consider a 15-year mortgage with annual installments. The effective annual rate of interest is 6%. Compute

Full explanation with accurate answer please

3. 4 pts] Consider a 15-year mortgage with annual installments. The effective annual rate of interest is 6%. Compute the Macaulay duration if the mortgage is prepaid immediately after the third regular payment is made

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