Suppose the term structure of risk-free interest rates is as shown below. (Click on the following icon in order to copy its contents into a spreadsheet) Temm 1 year 2 years 3 years 5 years 7 years 10 years 20 years Rate (EAR %) 198 2.39 272 3.34 3.79 4.14 4.91 What is the present value of an investment that pays $94 at the end of each of years 1, 2, and 3? If you wanted to value this investment correctly using the annuity formula, what discount rate should you us What is the present value of an investment that pays 594 at the end of each of years 1.2, and 371 The present value of the investment is $ (Round to the nearest cant) K Re 234 179