Rate-nper and pv functions


Problem:

Use the RATE, NPER, and PV functions to solve for "X". Please show the forumulas utilized in an excel format and explain.

Face Value of Bond $1,000 (Zero Coupon)

Price - $300
Maturity (Years) - 30
Yield to Maturity - X%

Price - $300
Maturity (Years) - X
Yield to Maturity - 8%

Price - $X
Maturity (Years) - 10
Yield to Maturity - 10%

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Finance Basics: Rate-nper and pv functions
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