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please answer b, c and d on list Amortization. Loan Consolidated Incorporated (LCl) is offering a special one-time package to reduce Custom Aufos' outstanding bills

please answer b, c and d image text in transcribed
on list Amortization. Loan Consolidated Incorporated (LCl) is offering a special one-time package to reduce Custom Aufos' outstanding bills to one easy-to-handle payment plan. LCI will pay off the current outstanding bills of $250,000 for Custom Autos if Custom Autos will make an annual payment to LCl at an interest rtae of 12% over the next 5 years a. What are the annual payments of the loan? b. What is the amortization schedule for this loan if Custom Autos wants to pay off the loan before the loan maturity in 5 years? c. When will the balance be hall paid ofl? d. What is the total interest expense on the loan over the 5 years? liestion 10 a. What is the annual payment of the loan? Question 11 Question 12 (Round to the nearest cent) b. Prepare the amortization schedule for this loan if Custom Autos wants to pay off the ioan before the ioan maturity in 5 years. What is the interest expense of the loan in year 1 ? (Round to the nearest cent) on list Amortization. Loan Consolidated Incorporated (LCl) is offering a special one-time package to reduce Custom Aufos' outstanding bills to one easy-to-handle payment plan. LCI will pay off the current outstanding bills of $250,000 for Custom Autos if Custom Autos will make an annual payment to LCl at an interest rtae of 12% over the next 5 years a. What are the annual payments of the loan? b. What is the amortization schedule for this loan if Custom Autos wants to pay off the loan before the loan maturity in 5 years? c. When will the balance be hall paid ofl? d. What is the total interest expense on the loan over the 5 years? liestion 10 a. What is the annual payment of the loan? Question 11 Question 12 (Round to the nearest cent) b. Prepare the amortization schedule for this loan if Custom Autos wants to pay off the ioan before the ioan maturity in 5 years. What is the interest expense of the loan in year 1 ? (Round to the nearest cent)

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