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An annuity pays $200 at the end of each period for 10 periods. Set up the CFs in an Excel spreadsheet as for Question 1.

An annuity pays $200 at the end of each period for 10 periods. Set up the CFs in an Excel spreadsheet as for Question 1. The current value of this stream of CFs is $1,544. What is the implied discount rate? Solve the problem using the following approaches: a. Use trial and error or Goal Seek in Excel (tab Data/What-if-Analysis). b. Use the excel built-in function RATE

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