EXCEL Question 1 (Home Loan) (3marks] Construct an EXCEL spreadsheet, which projects cash flows of a home loan with yearly loan repayments, ie. the loan is paid by payments at the end of each year for n years, until the loan is completely paid off. Please use your spreadsheet to answer the following questions: (a) Given loan amount is $600,000, annual effective interest rate i is 11%, loan term is 20 years. Find the annual repayment amount. (b) Given annual effective interest rate i is 8%, loan term is 30 years. I can afford to make annual repayment amount of $72,000. How much money can I borrow? In your EXCEL spreadsheet, you are required to show the loan amount outstanding at the end of each year, after interest has been accrued and the annual repayment deducted