Question: 7. You have been offered a note with four years to maturity, which will pay $3,000 at the end L of each of the four

7. You have been offered a note with four years to maturity, which will pay $3,000 at the end L of each of the four years. The price of the note to you is $10,200. What is the implicit compound annual interest rate you will reccive (to the nearest whole percent)? 1. In connection with the United States Bicentennial, the Treasury once contemplated offer- ing a savings bond for $1,00 that would be worth s1 inillion in 100 years. Approximately what compound annual interest rate is implied by these terms? 1

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