Lowlife Company defaulted on a $$190,000$ loan that was due on December $31,2024.$ The bank has agreed to allow Lowlife to repay

the $$190,000$ by making a series of equal annual payments beginning on December $31,2025.$

Required:

Calculate the required annual payment if the bank's interest rate is $10\%$ and four payments are to be made.

Calculate the required annual payment if the bank's interest rate is $8\%$ and five payments are to be made.

If the bank's interest rate is $10\%,$ how many annual payments of $$27,885$ would be required to repay the debt?

If three payments of $$69,117$ are to be made, what interest rate is the bank charging Lowlife?

Note: For all requirements, Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD

of $$1)$

Complete this question by entering your answers in the tabs below.

Calculate the required annual payment if the bank's interest rate is $10\%$ and four payments are to be made.

Note: Round your final answers to nearest whole dollar amount.

Annual Installment: