10 0 10 complete) HW Score: 24.76%, 3.71 of Problem 5-31 (bookmatch) Question Help Suppose the term structure of risk-free interest rates is shown below. 2.74 Term 1 year 2 years 3 years 5 years 7 years 10 years 20 years Rate (EAR 5) 1.99 2.41 3.32 3.76 4.13 4.93 What is the present value of an investment that pays $100 at the end of each of years 1, 2 and 3? If you wanted to value this investment correctly using the annuity formula, which discount rate should you use? The present value of the investment is $ (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer 1 Part remaining Clear All Check