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Use the table for the question(s) below. Suppose the term structure of interest rates is shown below: Term 1 year 2 years 3 years 5

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Use the table for the question(s) below. Suppose the term structure of interest rates is shown below: Term 1 year 2 years 3 years 5 years Rate (EAR%) 5.00% 4.80% 4.60% 4.50% 4.25% 4.15% The present value of receiving $1000 per year with certainty at the end of the next three years is closest to: 10 years 20 years O A. $2733 OB. $2744 O C. $2737 OD. $2723

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