An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $400 at the end of Year 5, and $550 at the end of Year 6. If other investments of equal risk earn 7% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent.

Present value: $

Future value: $

The real risk-free rate is 3.5% and inflation is expected to be 2.75% for the next 2 years. A 2-year Treasury security yields 6.45%. What is the maturity risk premium for the 2-year security? Round your answer to one decimal place.

_____________ %