Part 3. Spot/Forward Rate Problems (each question is worth 8 pts.) Use the following rates for Questions 16-20. Round your answer to four decimal places if expressing the ratio as a decimal and two places if expressing it as a percentage. These are government bond interest rates. Time Oyly lyly 2yly ly 4yly Rate 3.3% 5.01% 7.37% 9.06% 11.10% 16. Calculate 23 17. Calculate IFR2,2 18. Consider an investment that will pay a cash flow of $1000 at t = 1. What is the value of this investment today (e.g., at t=0)? 19. Now consider an investment that will pay a cash flow of $1000 at t = 4. What is the expected value of this investment in exactly 1 year (e.g., expected value at t= 1). 20. Suppose you invested $1000 today in the government bonds whose rates are presented in the table above. What would this investment be worth in exactly 5 years