A new aspect of the business has been added to Campus Travel. Students can apply for a loan to help pay for their travels. However, loans for travel are available only to students who are traveling outside the country for at least 2 weeks. Because the costs for this type of international travel differ depending on how you travel, where you stay, and what you do at the destination different loan packages are available. For a month in Europe, you have decided to take out a loan. You have already taken a look at several offers but are unsure whether you can afford it. Set up a spreadsheet to calculate the payments per month for the following situations . 2 weeks in Eastern Europe, price: US$2,000; interest rate: 5.5%; Time: 1 year 2 weeks in Western Europe, price: US$3,000, interest rate: 6.0%; time: 1 year 3 weeks in Eastern Europe, price: US$3,000; interest rate: 6.5%, time: 2 years 3 weeks in Western Europe, price: US$3,500, interest rate: 5.5%; time: 2 years 4 weeks in Eastern Europe, price: US$4,000: interest rate: 6.0%, time: 2 years 4 weeks in Western Europe, price: US$5,000, interest rate: 6.5%; time: 2 years Once you have calculated the payments, calculate the total amount to be paid for each option as well as the total interest you would pay over the course of the loan. Make sure to use formulas for all calculations and submit a professionally formatted page displaying the results and a page displaying the formulas. (Hint: In Microsoft Excel, use the "PMT function in the category Financial" to calculate the payments. Use Ctrl+ Igrave accent] to switch between formula and data views, calculate the number of payments before using the formula.)