Solve using excel/spreadsheet.

4-96 A local car dealer offers a customer a 2-year car lban of $10,000 using "add-on" interest. Money to pay for car Two years' interest at 7%. 2 x 0.07 x $10,000 10,000 1400 $11,400 24 monthly payments- 11,400_s475.00 $475 24 The first payment must be made in 30 days Wha are the nominal and effective annual interest rates