Question: The term structure is defined by =0.05+.01for =1,2,3,4. A three-year annuity-immediate will be issued one year from now with annual payments of 1000. Using the

The term structure is defined by =0.05+.01for =1,2,3,4. A three-year annuity-immediate will be issued one year from now with annual payments of 1000. Using the appropriate forward rates, calculate thepresent value of this annuity one year from now

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