LO M.7 Samuel Ames owes $20,000 to a friend. He wants to know how much he would have to pay if he paid the debt in 3 annual installments at the end of each year, which would include interest at 14%. Draw a time line for the problem. Indicate what table to use. Look up the table value and place it in a brief formula. Solve. LO M.8 What is the future value on December 31,2024, of 6 annual cash flows of $50,000 with the first cash flow being made on December 31,2019, and interest at 9% compounded annually