64 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 $415,000 Interest Rate 9.9% Life Date of Loan January 1, 2021 Use the installment method - not straight line Do NOT round any intermediate numbers Do NOT turn this into a monthly problem Do NOT putin minus signs answer all positive numbers Required: 1. What is the annual payment (round to the nearest 5)? S 2. What are the total interest payments (round to the nearest S)? $ 3. Alter 26 payments have been made what percentage of the total interest has been paid fround to the nearest percentage point? 4. Anter 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 3% (for a well designed spreadsheet this should take 30 seconds) Required: 5. What is the annual payment (round to the nearests! 6. What are the total interest payments (round to the nearest S 7. After 26 payments have been made. what percentage of the total interest has been paid tround to the nearest percentage point? 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 S)? 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 3% (for a well designed spreadsheet this should take 30 seconds) Required: 5. What is the annual payment (round to the nearest $1? $ 6. What are the total interest payments (round to the nearest $)? $ 7. Alter 26 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point? 8. After 26 payments have been made what percentage of the total principal has been paid (round to the nearest percentage point