A B 1 =PMT(B3,B4,-05) Loan 2 Annual (End-of-year) repayment 3 Interest Rate, i 4 Years, n 5 Amount of Loan from Bank 15 $250,000 Refer to the screenshot above. Jack seeks a loan of $250,000 from his bank. If repayments are annual in arrears (end-of-year), and his bank charges 7% p.a compounding monthly, what is the value he needs to enter to cell B3? (Answer in percentage to two decimal places, do not include % sign eg. 12.00)