Instructions: Using Financial Formulas in Excel, answer the following time value of money problems in a single Excel worksheet. You can round to the nearest dollar. You must turn in your answers in an Excel document. 6. You owe $26,000 to your parents for funding some of your college. You promise to make 8 annual payments of $4,000 to settle your debt. Approximately what interest rate are your parents charging (estimated up to 2 decimal places), if you make the 8 annual payments beginning one year from now? Hint use the Financial Function "RATE". Note if you need help use the "Help on this function" feature. This help will include an example for you to follow