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10 The following information will be used for Questions 7 - 10. Use Excel to solve the problem. Assume a note is signed (loan is

10 The following information will be used for Questions 7 - 10. Use Excel to solve the problem. Assume a note is signed (loan is taken out) on January 1, 2022 for $45,000 at a 5.25% interest rate with sixty monthly payments beginning February 1, 2022. Determine the total amount of interest paid for the life of the loan. NOTE: Show your answers with dollar signs and commas but no cents. Example: $1,111 Selected Answer: $6,020

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