Question: 2. (0-5pts) Write an Excel function in cell F5 to determine the yearly interest rate being charged by the bank on your $175,000 30- year


2. (0-5pts) Write an Excel function in cell F5 to determine the yearly interest rate being charged by the bank on your $175,000 30- year mortgage. You make a monthly mortgage payment of $2000 and the value of the loan at the end of thirty years is zero. Interest is compounded monthly. (Hint: Use the RATE() function here then multiply by # periods per year to get interest rate per year.) =RATE(
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