4. This 1s a conceptual question. No numbers need to be found, nor is any support needed from Excel or Sheets. You can of course include Excel or Sheets support if you would like. Pretend you want to take out a loan and you make regular consistent payments (if applicable: you make payments according to how often the bank compounds 1.e. yearly, quarterly, monthly, daily). Consider the following situation: a. If the bank offered you the following terms on your loan, which would be the WORST for the CONSUMER and why? Explain 1n a sentence or two. 1. Simple interest i1. Compound interest yearly 111. Compound interest quarterly 1v. Compound interest monthly v. Compound interest daily