Mann Co. is preparing an Excel spreadsheet for its 5-year, 6%, $400,000 installment notes. The notes were issued on January 1 for $421,236. Installment payments are payable each December 31. A portion of the spreadsheet appears as follows: A DE The Effective rate: 0.06 Cash payments: 100,000 Term to maturity in years: 5 Interest Change in Balance Outstanding Balance Period Cash Payment Expense What formula should Mann use in cell E8 to calculate the outstanding balance (book value) of the notes after the second interest payment? Multiple Choice =E7 - 08 What formula should Mann use in cell E8 to calculate the outstanding balance (book value) of the notes after the second interest payment Multiple Choice O =E7 - D8 O 7 - D8 - O Vc2.c,0,)