Question: Use Excel to calculate (Please type the complete function command with all parameter inputs; round up your answers to 2 decimal places): a) the yield

Use Excel to calculate (Please type the complete function command with all parameter inputs; round up your answers to 2 decimal places): a) the yield to maturity of a 10-year 7% coupon bond with a $1,000 face value that sells for $1,200. (Excel function: rate) b) the yield to maturity of a 5-year discount bond with $1,000 face value that sells for $970. (Excel function: rate) c) the installment payment of a 5-year fixed payment car loan of $20,000 with 5% interest rate. (Excel function: pmt) d) the present value of a lottery winning that pays $10,000 annually for 20 years with discounting rate of 3% (Note: the first payment is received today.) (Excel function: pv) If you need help with Excel functions, please check this: https://exceljet.net/excel-functions/excel-rate-function

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