Question: begin{tabular}{lccccccc} Term & 1 year & 2 years & 3 years & 5 years & 7 years & 10 years & 20 years hline

$\begin{tabular}{lccccccc} Term & 1 year & 2 years & 3 years$

\begin{tabular}{lccccccc} Term & 1 year & 2 years & 3 years & 5 years & 7 years & 10 years & 20 years \\ \hline Rate (EAR, \%) & 1.99 & 2.41 & 2.74 & 3.32 & 3.76 & 4.13 & 4.93 \\ \hline \end{tabular} 0 . Using the term structure in Problem 29, what is the present value of an investment that pays $100 at the end of each of years 1,2 , and 3 ? If you wanted to value this investment correctly using the annuity formula, which discount rate should you use

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