Spot interest rates today look like this: 1-year 1.50% 2-year 2.00% 3-year 2.25% 4-year 2.50% 5-year 3.56%

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Question:

Spot interest rates today look like this:

1-year 1.50%

2-year 2.00%

3-year 2.25%

4-year 2.50%

5-year 3.56%

A zero-coupon bond with a face value of $1,000 matures in 5 years. What is its current market price? When calculating the price, use annual (not semiannual) discounting.