On September 1, 2020, Crow Fitness Ltd. assessed two available options for the purchase of new equipment with a negotiated cash price of $100,000. a. The manufacturer is willing to accept a down payment of $10,000 and an instalment note for the balance. The note would require three fixed principal payments (plus interest) starting September 1, 2021, for a period of three years. b. Crow also has a proposal from its bank for an instalment loan for three years that requires a blended annual fixed payment (including both principal and interest) starting September 1, 2021. The loan would be for the full $100,000 of the equipment's purchase price. The current market rate of interest is 10% for financing arrangements of this nature. Both contracts have an interest rate of 10%. Instructions: How much interest would Crow have to pay over the life of each option (a), the fixed principal payments and (b), the blended annual fixed payment. Show your calculations and calculator or excel inputs