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DONT USE EXCEL TO SOLVE ANYTHING, use relevant formulas to solve each question. Interest rate on a simple lump sum investment iii. The U.S. Treasury

DONT USE EXCEL TO SOLVE ANYTHING, use relevant formulas to solve each question.

Interest rate on a simple lump sum investment iii. The U.S. Treasury offers to sell you a bond for $613.81. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $1,000. What interest rate would you earn if you bought this bond at the offer price?

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