Question: # 1: For Problems 1 and 2, you can use any Excel technique explored in the last two labs. You have taken a loan of

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\# 1: For Problems 1 and 2, you can use any Excel technique explored in the last two labs. You have taken a loan of $161,000CAD. The nominal annual rate of interest compounded monthly on this loan is 8.45%. You can afford to pay monthly $1473.82CAD. How many months it will take you to repay the loan? Your answer will be an integer value that includes the last monthly payment, which will be smaller than the rest. m \#1

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love of humour, often as a device to lighten the occasion;

orderliness, patience and seeing a task through;

well defined status and roles (class distinctions);