Question: show using Microsoft ExCel Show using Microsoft ExCel A borrower is evaluating a loan $100,000 with annual rate of interest at 12%. He anticipates making

show using Microsoft ExCel show using Microsoft ExCelShow using Microsoft ExCel A borrower is evaluating a Show using Microsoft ExCel

A borrower is evaluating a loan $100,000 with annual rate of interest at 12%. He anticipates making monthly payments of $2,000 then a lump sum payment of $10,000. How long is he expecting to be paying this loan (rounded to the nearest number years / months)? A. 66 months B. 5 years C. 5 years and 3 months D. 63 months

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