What is the value today of an investment

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1. Spot rates over three different horizons arebgiven below. Each of the rates is expressed as a 'per annum' rate, which assumes monthly compounding.

One-month 0.18%
Two-month 0.24%
Three-month 0.375%

What is the value today of an investment that pays $100 at the end of each of the next 3 months?

Reference no: EM132764628

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