Question: help me please it has to be done in excel 1 Question-3: You need to borrow $10,000, which you will pay back in 4 years.

 help me please it has to be done in excel 1

help me please it has to be done in excel

1 Question-3: You need to borrow $10,000, which you will pay back in 4 years. Your local bank has the following four loan accounts available: Regardless of the account chosen, you will not pay back any money until the end of the fourth year Account Interest rate Interest Type 7 Compounded annually 2 75 Simple 7.5 Compounded annually Simple Construct a table showing the projected loan balance (ie the amount you owe) for each account at the end of each of the 4 years. If your objective is to repay the least amount of money, which account do you prefer? Question 4: Deposits are made at the end of years 1 through 7 into an account paying 6 percent per year interest. The deposits start at $5,000 and increase by $1,000 each year. How much will be in the account immediately after the last deposit? Interest is annually compounded, 8%. 3 4 8.25

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