undefined

Question 26 6 pts You observe the following market interest rates, for both borrowing and lending: One-year rate= 1.55% Two-year rate = 2.45% One-year rate one year from now = 3.85% Suppose you borrow $100 for two years, lend the proceeds for one year, an then lend the total interest and princi for 1 year at the start of year 2 for one year. What is your gain to the nearest cent? MacBook