The days to maturity for a sample of five money market funds are shown here. The dollar

Question:

The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided. Use the weighted mean to determine the mean number of days to maturity for dollars invested in these five money market funds.

Days to Dollar Value

Maturity ($millions)

20 .............20

12 .............30

7 .............10

5 .............15

6 .............10

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...