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Recreate the above in excel. You seek to borrow $1,500 from a friend to cover your gym fees. You promise to repay the loan in

Recreate the above in excel. You seek to borrow $1,500 from a friend to cover your gym fees. You promise to repay the loan in 24 monthly repayments commencing today. If the effective annual interest (EAR) rate is 24.8% what is the amount of the monthly repayment? (answer do not include $ sign; show cents eg 100.00)

Loan
Beginning of month repayment
Interest Rate, i
Months, n 24
Amount of Loan $1,500

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