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: 0.09%; 2-year: 0.31%; 3-year: 0.55%; 4-year: 0.81%; 5-year: 1.02%
What is the present value of your investment?
Enter your answer in the following format: 1,234,56 Hint: Answer is between 4503.75 and 5482.82
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