Lowlife Company defaulted on a $$210,000$ loan that was due on December $31,2024.$ The bank has agreed to allow Lowlife to repay the $$210,000$ 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$$s interest rate is $10\%,$ how many annual payments of $$28,507$ would be required to repay the debt?

If three payments of $$74,956$ are to be made, what interest rate is the bank charging Lowlife?