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Consider the following spot interest rates for maturities of one, two, three, and four years. r 1 = 6 . 4 % , r 2

Consider the following spot interest rates for maturities of one, two, three, and four years.
r1=6.4%,r2=7.0%,r3=7.7%,r4=8.5%
What are the following forward rates, where fk,1 refers to a forward rate beginning in k years and extending for 1 year?
Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.
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