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Consider the following spot interest rates for maturities of one, two, three, and four years. r1=2.16% r2=3.49% r3=3.62% r4=4.11% What is the one year forward

Consider the following spot interest rates for maturities of one, two, three, and four years. r1=2.16% r2=3.49% r3=3.62% r4=4.11% What is the one year forward rate two years from now (in percent)? Use the exact formula. Answer to two decimals, carry intermediate calcs. to four decimals.

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