62 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 S564,000 Interest Rate 12.2% Lite Date of Loan January 1, 2021 Use the installment methodnot straight line Do NOT round any intermediate 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 S)? $ 2. What are the total interest payments (round to the nearest $)? $ 3. After 27 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? 36 Prav of 1 Next