8) Suppose the term structure of interest rates is shown below: Term Rate (EAR%) 1 year 2 years 3 years 5 years 10 years 20 years 5.00% 4.80% 4.60% 4.50% 4.25% 4.15% The present value (PV) of receiving $900 per year with certainty at the end of the next three years is closest to A) $2486 B) $2579 C) $2463 D) $2334