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On the LoanAnalysis worksheet in cell C4, calculate the annual percentage rate for Loan Option 1. Format the cell as Percentage with 2 decimal places.

On the LoanAnalysis worksheet in cell C4, calculate the annual percentage rate for Loan Option 1. Format the cell as Percentage with 2 decimal places.

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F G J $30,000 $30,000 $460 DRI 8.00% Loan Option 1 Loan Amount Monthly Payment Annual Rate (APR) Total Payments (NPER) Total Interest Total Cost of Loan Loan Option 2 Loan Amount Monthly Payment Annual Rate (APR) Total Payments (NPER) Total Interest Total Cost of Loan H Loan Option 3 Loan Amount $30,000 Quarterly Payment $1,588.38 Annual Rate (APR) 8.05% Total Payments (NPER) Total Interest Total Cost of Loan

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