Show all steps in Excel with formula 1)Suppose the current one-year interest rate is 0.25%. One year from now, you believe the economy will start to recover and the one-year interest rate increase to 0.75%. In two years, you expect the economy to be in the midst of recovery, causing the Federal Reserve to increase interest rates and the one-year interest rate to increase to 1.5%. The one-year interest rate will then rise to 3% the following year, and continue to rise by 1% per year until it returns to 5%, where it will remain from then on.

If you were certain regarding these future interest rate changes, what two-year interest rate would be consistent with these expectations? 2)If you were certain regarding these future interest rate changes, what three-year interest rate would be consistent with these expectations?

Term	1 year	2 years	3 years	4 years	5 years	6 years	7 years	8 years	9years
Rate (EAR%)	0,25%	0,75%	1,5%	3%	4%	5%	5%	5%	5%