Assume that the Liquidity Preference Theory of the Term Structure' is correct and that you would require an additional maturity risk premium of $\mathrm{.}50\%$ to invest for a $5-$year period. On the other hand, if you invest in a series of five,$1-$year securities you will require no liquidity premium. How much more will you end with if you invest $$3,000$ in a $5-$year security rather than a series of five, $1-$year securities$?$

Year

Avg, IP $3\mathrm{.}0\%3\mathrm{.}0\%32\%$ S$\mathrm{.}5\%4\mathrm{.}0\%$

Kot $4\mathrm{.}00\%4\mathrm{.}0\%4\mathrm{.}00\%40\%420\%46\%475\%64\%5\mathrm{.}40\%80\%$

K$*$ Avg.K $1\%1\mathrm{.}00\%3\mathrm{.}0\%1\%1\mathrm{.}00\%3\mathrm{.}0\%1\%1\mathrm{.}00\%3\mathrm{.}6\%2\%1\mathrm{.}25\%4.4\%2\%1\mathrm{.}40\%6\mathrm{.}0\%$

$2345$

Answer in dollars and cents,truncated to the nearest cent Donotentera's: for cacp if your answer is $$1,234\mathrm{.}567,$ enter $"1234\mathrm{.}56.$