solve using excel step by step

3.16 You are in financial trouble and are delinquent on your mortgage payment Your bank has agreed to a repayment schedule of $1.600 per month, and it will charge 0.5% per month interest on the outstanding balance in the current out. standing balance is $250,000, how long will it take for you to pay off the loan? (a) 22.45 years (6) 23.33 years Key 24 85 years Kay25.39 years