13 15 16 17 21 Problem 6-18 You've been offered a loan of $30,000, which you will have to repay in five equal annual payments of $10,000, with the first payment to be received one year from now. What interest rate would you be paying on that loan? Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formals across a row or down a celema, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the green cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formales, usually the Gives Data section Given Data: Loan amount Payment Number of years to repay remaining amount Interest rate $30,000.00 $10,000.00 Requirements 1 Start Excel 2 In cell D10, by using cell references and the Excel RATE function, calculate the interest rate that should be paid on the loan. Assume that all interest payments are made at the end of the period Note: Do not enter any value for the Guess argument of the Excel RATE function. (1 pt.) 3 Save the workbook. Close the workbook and then exit Excel. Submit the workbook as directed