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Please show working in excel. On January 2, 2023, Cullumber Inc. sells goods to Oriole Company in exchange for a zero-interest-bearing note with a face

Please show working in excel.
On January 2, 2023, Cullumber Inc. sells goods to Oriole Company in exchange for a zero-interest-bearing note with a face value of $7,700, with payment due in 12 months. The fair value of the goods at the date of sale is $7,000 (cost $4,200). Assume that the company chooses to reflect the interest component. Using Excel or a financial calculator, determine the interest rate that will be earned by Cullumber. (Round answer to 1 decimal place, e.g. 15.1\%.) Interest rate % =RATE RATE(nper, pmt, pv, [fv], [type], [guess])

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