47 years You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest) Loan amount $352,000 Interest Rate 9.9% Life Date of Loan January 1, 2021 Use the installment method - not straight line Do NOT round any interrmediate numbers. Do NOT turn this into a monthly problem. DO NOT put in minus signs, answer all positive numbers. Required: 1. What is the annual payment (round to the nearest $)? $ 2. What are the total interest payments fround to the nearest $12 $ 3. After 26 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point? % 4. After 26 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point? % Redo the problem if the Interest rate is 1% (for a well designed Spreadsheet this should take 30 seconds)