Please use Excel functions

You want to borrow $89,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,850, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan? \begin{tabular}{|lrr|} \hline & & \\ Monthly payment & $ & 500 \\ Discount rate & $ & 18% \\ Current balance & & 18,000 \\ \hline \end{tabular} Complete the following analysis. Do not hard code values in your calculations. Number of months until paid off Complete the following analysis. Do not hard code values in your calculations. All answers should be positive