You are working in the treasury department of a multinationa…

Yоu аre wоrking in the treаsury depаrtment оf a multinational energy company. The CFO is considering issuing new corporate bonds to lock in long-term funding, but wants to evaluate whether the firm would be better off rolling short-term debt instead. You are given the following annual spot rates (annual compounding): 1-year spot rate: [spot1] 2-year spot rate: [spot2] 3-year spot rate: [spot3] 4-year spot rate: [spot4] 5-year spot rate: [spot5] 6-year spot rate: [spot6] 7-year spot rate: [spot7] 8-year spot rate: [spot8]   The CFO turns to you and says: “We need to know the market’s view on future short-term borrowing costs. Find the [length]-year forward rate starting at year [start] so we can compare rolling loans against issuing longer-term debt today.”   What is the [length]-year forward rate starting at year [start]?   Round your answer to the nearest three decimals if needed. Type your answer in percentage and not in decimals (i.e. 5.2 and not 0.052). Do not type the % symbol.