1. Open the Loans sheet tab. As the owner of Tara Ann Boutique you are planning to expand your business. You will have to purchase additional equipment and hire a new part-time designer, so you decide to take out a $40,000 loan to finance your expansion expenses. You check three loan sources: the Canadian Business Administration, your local bank, and a consortium of investors. The CBA will lend you the money at 6.5% interest, but you have to pay it off in 3 years. The local bank offers you the loan at 7.45% interest over 4 years. The consortium offers you an 8% loan, but you have to pay it back in 2 years. You will be making equal payments once per month. 2. Rename the worksheet tab to E-Loan. 3. Enter the formula for number of payments in F5. Copy the formula down to F7. 4. Enter the monthly payment formula for your first loan source and copy the formula as appropriate. 5. Enter the formula for total payments for your first loan source and copy the formula as necessary. 6. Enter the formula for total interest for your first loan source and copy the formula as necessary. 7. a) Format appropriate values in Row 5 with Accounting number format. Include $ sign (two decimal places). Column D should remain formatted with Percentage format. 7. b) Format values in other rows with a Number format of a thousand separator, no dollar sign (S), and two decimal places. Column D should remain formatted with Percentage format. English (Canada) Focus