Question: show full calculations in excel Question 30 (2.5 points) Given the following information, calculate the Effective Borrowing Cost (EBC). Loan amount: $175,000, Term: 30 years,

show full calculations in excel

Question 30 (2.5 points) Given the following information, calculate the Effective Borrowing Cost (EBC). Loan amount: $175,000, Term: 30 years, Interest rate: 8 %, Payment: $1,175.00, Discount points: 1, Origination fee: $3,250. Assume the loan is held until the end of year 10. 7.02% 8.43% 9.43% 8.00%

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