Problem 2. Credit card effective rate. Please fill in the cells highlighted in GREEN You've been offered three credit cards: The quoted annual percentage rate (APR) of credit card 1 is 19% and credit card 1 charges the interest on a monthly basis (i.e. compound 12 times per year).The quoted annual percentage rate (APR) of credit card 2 is 19% and credit card 2 charges the interest on a weekly basis (ie, compound 52 times per year),The quoted annual percentage rate (APR) of credit card 3 is 18.90% and credit card 3 charges the interest on a daily basis (ie. compound 365 times per year). Problem 2.1: Compute each credit card's EAIR. Problems 2.2: Rank the cards on the basis of EAIR using Excel RANK function. (Let the credit card with lowest EAIR has a rank of 1, and the one with highest EAIR has a rank of 3.) Effective annual Ba se CreditAnnual card percentage rate a year periods interest rate Rank 19.00% 19.00% 18.90% 12 52 365 3