(5-1) Suppose you borrow $60,000 at an interest rate of 9% per annum for a 3-year term. Each payment is expected to be repaid evenly every year, with interest and partial repayment of principal. How much is the annual payment? Prepare an amortization table (present value of annuity)

(5-2) Suppose you borrow 200 million won at an annual interest rate of 4% and a period of 15 years to purchase real estate. Each payment is expected to be repaid equally each year with the repayment of interest and a portion of the principal. How much is the annual payment? Fill out the Equal Amortization Schedule.=

(5-3) A cash flow of $8,500 per year for 15 years from an investment. The first payment is due one year from now (applying the annuity formula). If the required rate of return is 9%, what is the present value of this investment? What is the future value if payments are made over 40 years? annuity present value