Suppose the term structure of interest rates is shown below: The present value (PV)of receiving $1100 per year with certainty at the end of the next three years is closest to ________.
A)$3010
B)$2408
C)$3612
D)$4214

Question

Suppose the term structure of interest rates is shown below:  The present value (PV)of receiving $1100 per year with certainty at the end of the next three years is closest to ________.
A)$3010 
B)$2408 
C)$3612 
D)$4214

Quizplus · Accepted Answer

The Answer of Suppose the term structure of interest rates is shown below:  The present value (PV)of receiving $1100 per year with certainty at the end of the next three years is closest to ________.
A)$3010 
B)$2408 
C)$3612 
D)$4214

Suppose the Term Structure of Interest Rates Is Shown Below