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PLEASE USE EXCEL AND SHOW YOUR STEPS/WORK! You would like to borrow money for 2 years. Which of the following options is the least expensive

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PLEASE USE EXCEL AND SHOW YOUR STEPS/WORK!

You would like to borrow money for 2 years. Which of the following options is the least expensive for your loan? 1) Pay 10% the first year and 16% the second year 2) Pay 12 %, compounded monthly. 3) Pay 12.5%, compounded annually. 4) Pay 12.3%, compounded quarterly. ")) messign

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