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You plan to lend money to the US-government which is considered risk-free. You can lend...

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Finance

You plan to lend money to the US-government which is considered risk-free. You can lend $1,000 per year for the next five years. WSJ newspaper reports the risk-free interest rates for the next five years as follows: 1-year: 0.91%; 2-year: 0.98%; 3-year: 1.26%; 4-year: 1.69%; 5-year: 2.01%

What is the present value of your investment?

Enter your answer in the following format: 1,234,56 Hint: Answer is between 4393.23 and 5252.77

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