Question: show all formulas in excel Question 7 (5 points) A borrower is evaluating a loan $88,000 with annual rate of interest at 12%. He anticipates

show all formulas in excel

Question 7 (5 points) A borrower is evaluating a loan $88,000 with annual rate of interest at 12%. He anticipates making monthly payments of $2,100 then a lump sum future payment of $12,875. How long is he expecting to be paying this loan (rounded to the nearest number years / months)? Show your steps used in Excel. O 5 years and six months 48 months 6 years and 3 months 7 years

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