1. I need the steps/solution.

Consider an overlapping generations scenario laid out in the following table. Assume that 1) every generation has the same number of people, 2) each generation lasts for the same number of years, and 3) there is no private saving and no private borrowing. Also, the interest rate on debt is 25% over 20 years, meaning that if you borrow $100 in 2030, you need to repay $125 in 2050. 2030 Middle Young Old Aged Income $8,000 $24,000 Borrowing $2,000 $6,000 Transfers Net income in 2030 2050 Young Middle Aged Old Income $10,000 $30,000 $0 Repayment of government debt Net income in 2050 Lifetime income i. Calculate the amount of transfers the government can provide to the Old generation in 2030 and fill in that amount in the table above. (1 point) ii. Calculate the amount of net income for every generation alive in 2030 after taking into account income, lending, and transfers and fill in those amounts in the table above. (2 points) iii. Calculate the amount that the government must repay every generation in 2050 based on the borrowing it did in 2030, including interest, and fill in those amounts in the table above. (2 points) iv. Calculate the amount of net income for every generation alive in 2050 after taking into account income and repayment of government debt and fill in those amounts in the table above. (2 points) v. Is this situation unfair to any particular generation? If so, why? (1 point)