B3 X V fx A project has an initial cost of $10,000. This project is expected to bring in $2,611 per year for 4 years. If money can earn 2% compounded annually, what is the net present value of this project? If your NPV is less than 0, enter a negative for your answer. A B D F G H J K L M N 0 P Q R S T U Student Number Loan Amount 2754 2754 Nominal 3% Periodic Step A project hal # of Payments 60 Calculate the periodic interest based on 3% Payment compounded monthly in F3. Consider monthly payments. Payment Payment Interest Principal Step Amount Balance Number Amount Amount Calculate the payment amount to 2 decimals in F5 using the PMT function. 1 1 Step 2 Fill in rows 0 - 60 accordingly. Remember, the last payment will be calculated differently. 4 14 5 15 Step 4 Using the SUM function in D70, calculate the 18 amount of interest paid for this loan. 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Screenshot