PLEASE ANSWER BOTH PARTS

52 years Loan amount $636,000 Interest Rate 176% Life Date of Loan January 1, 2021 Use the installment method - not straight line Do NOT round any intermediate numbers, Do NOT turn this into a monthly problem Do NOT put in minus signs, answer all positive numbers, Required: 1. What is the annual payment (round to the nearest S)? $11.960.43 2. What are the total Interest payments (round to the nearest S)? $5.820672.00 3. After 30 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? 4. After 30 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)? Redo the problem if the interest rate is 2% (for a well designed spreadsheet this should take 30 seconds) Required: 5. What is the annual payment (round to the nearest $)? $ 6. What are the total interest payments (round to the nearest $)? . $ 7. After 30 payments have been made, what percentage of the total interest has been pald (round to the nearest percentage point)? 8. After 30 payments have been made what percentage of the total principal has been paid (round to the nearest percentage point)? 52 years Loan amount $636,000 Interest Rate 176% Life Date of Loan January 1, 2021 Use the installment method - not straight line Do NOT round any intermediate numbers, Do NOT turn this into a monthly problem Do NOT put in minus signs, answer all positive numbers, Required: 1. What is the annual payment (round to the nearest S)? $11.960.43 2. What are the total Interest payments (round to the nearest S)? $5.820672.00 3. After 30 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? 4. After 30 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)? Redo the problem if the interest rate is 2% (for a well designed spreadsheet this should take 30 seconds) Required: 5. What is the annual payment (round to the nearest $)? $ 6. What are the total interest payments (round to the nearest $)? . $ 7. After 30 payments have been made, what percentage of the total interest has been pald (round to the nearest percentage point)? 8. After 30 payments have been made what percentage of the total principal has been paid (round to the nearest percentage point)