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i want to check if the answers i have is correct or not. 65 years You borrow money on a self liquidating installment loan (equal

i want to check if the answers i have is correct or not.
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65 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 $130,000 Interest Rate 17.3% 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 put in minus signs, answer all positive numbers. Required: 1. What is the annual payment (round to the nearest $)? $ 22490,79 2. What are the total interest payments (round to the nearest $)? $ 1331895.5 3. After 39 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? 657% 4. After 39 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)? 10 % Redo the problem if the interest rate is 2% (for a well designed spreadsheet this should take 30 seconds) Required: 5. What is the annual payment (round to the nearest $)? 65 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 $130,000 Interest Rate 17.3% 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 put in minus signs, answer all positive numbers. Required: 1. What is the annual payment (round to the nearest $)? $ 22490,79 2. What are the total interest payments (round to the nearest $)? $ 1331895.5 3. After 39 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? 657% 4. After 39 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)? 10 % Redo the problem if the interest rate is 2% (for a well designed spreadsheet this should take 30 seconds) Required: 5. What is the annual payment (round to the nearest $)

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