please complete all 4 required parts
Problem 5-10 (Algo) Solving for unknowns; installment notes (LO5-9) 10 points Lowlife Company defaulted on a $300,000 loan that was due on December 31, 2021. The bank has agreed to allow Lowlife to repay the $300,000 by making a series of equal annual payments beginning on December 31, 2022 (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of 51 and PVAD OTS1) (Use appropriate factor(s) from the tables provided.) Skloped Required: 1. Calculate the required annual payment if the bank's interest rate is 10% and four payments are to be made. 2. Calculate the required annual payment if the bank's Interest rate is 8% and five payments are to be made. 3. If the bank's interest rate is 10%, how many annual payments of $33,050 would be required to repay the debt? 4. If three payments of $114,315 are to be made, what interest rate is the bank charging Lowlife? D Complete this question by entering your answers in the tabs below.Problem Required 1 Required 2 Required 3 Required 4 Calculate the required annual payment if the bank's interest rate is 10% and four payments are to be made. (Round your final answers to nearest whole dollar amount.) Table or calculator function: Present Value Annual Installment Required 2 > TABLE 1 Future Value of $1 FV = $1(1+1) 10% 15% 20% 2.5% 3.0% 3.5% 40% 45% 5.0% 55% 6.0% 1 101000 101500 1.02000 1.02500 1.03000 1.03500 1.04000 104500 1.05000 1.05500 1.06000 2 1.02010 1.03022 1.06040 105063 1.00090 1.07123 1.081601.09203 1.10250 1.11303 1.12360 1.03030 1.04568 1.06121 107689 1.09273 1.10872 1.12486 1.14117 1.15763 117424 1.19102 4 1.04060 1.06136 1.08243 110381 1.12551 1.14752 1.16986 1.19252 121551 1.23882 1.26248 5 1.05101 1.07728 1.10406 1.13141 15927 1.18769 1.21665 1.24618 127628 300961.33823 70% 1.07000 1.14490 1.22504 1.31080 140255 8.0% 108000 1.16610 1.25971 1.36049 146933 0.0% 0.0% 0.0% 12.0% 1.09000 110000 111000 1.12000 1.18510 121000123210 125440 1295031.33100 13676314019 1.41158 146110 151807 1.57352 1.53862 1.61051 168506 1.76234 0.0% 1.20000 144000 1.72800 .07360 2.48832 3 2 2.98598 6 1.06152 1.09344 1.12616 7 1.07214 1.10984 1.14869 8 1.08286 1.12649 117166 9 1.09369 1.14339 1.19509 10 1.10462 1.16054 121899 115969 1.18869 121840 1.24886 1.28008 1.19405 1.22926 126532 1 30226 1 34010 3 7884 1 41852 150073 1.22987 1.27228 131593 136086 1.40710 1.45468 1.50363 1.60578 1.26577 1.31681 1.36857 142210 147746 15346915935171819 1.30477 1.36290 1.42331 1.48610 1.55133 1.61909 1.68948 183846 1.34392 1.41060 148024 155297 162889 1.70814 1.79065 196715 1.58687 171382 185093 1.99900 2.15892 1.67710 1.82801 199256 2.17189 236736 1.77156 1.87041 1.94872 207616 2.14359230454 2.35795 255804 2.59374 283942 1.97382 2.21068 2.47596 2.77308 3.10585 3.58318 4.29982 5 15978 619174 11 111567 117795 1.24337 1.31209 1.38423 1.45997 1.51945 1.62285 1.71034 1.802091.89830 12 1.12693 1.19562 126824 1.34489 1.42576 1.51107 1.60103 1.69588 1.29556 1.90121 2.01220 13 1.13809 1.21355 1.29361 1.37851 1.46853 1.56396 1.66507 1.77220 1.88565 2.00577 2.13293 14 114947 123176 1.31948 1.41297 1.51259 1.61869 173168 185194 197993211609226090 15 116097 125022 134557 144330155797 167535 1 30094199528 2079322328 234056 2.10455 233164 2.5806 2.85312 225219 2.51817 281266 313343 240905 221902306503.45927 257853 2.93719 3.34173 3.79750 2759033.17217 364248 4.17725 315176 3.47855 743008 349845 389598 891610 188126 4369 1069912 4310444.88711 04 4857111283918 4.78459 547357 15.40702 16 1.17258 126899 137279 1.48451 160471 173399 1.872:98202237 2.18287 2.35526 2.54035 295216 342594 3.97031 4.59497 531089 6.13039 17 11840 1.2002 1.40024 152162 168285 1.29468 194790211338 229202 2.48430269277 3.1582 3.70002432763 5057 5.89509680004 18 119015 1.30734 142825 1.55906 170243 185749202512220548 2.400622.62147 2.854343379933.99602471712 5.55992654355 7.68997 19 120811 112695 1456 S S 175151 1.93250 2.0685230716 252605 2.76545 3.035006 1653 431570 5.14166611521726114 861278 20122019 30 143595 16186280011 198979219112 241171 265330 291776 3.20714 338968 46000 560141 672750 08231961629 18.48843 22.18611 26.62333 1 94500 38 33760 21123239 1.36706 1.51567 167958 1.56029 2.05943227877 2.52034 2.785963.0723 3.39956 414056 5.03383 0.10881 740025 894917 10.80385 4600512 251 25243 144095 166061 105394 209378 2.36324 266554 3005433386153.81339429187 5.42743 6.84818 862305 1083471 1358546 170000695 39622 30 14785 1.56306 181136 209757 242726 280679324340 3.74532432194 498395 5.74349761226 1006346 13.26768 1744940 22.89230299599223737631 40 141886 181402 2.2004 2.8506116301 395936410102531616 701999 351331 10.28572 14.97445 20.72452314094245 2926 65 0008793.5097 146977160 TABLE 2 Present Value of $1 PV = (1+1) 51 2 1046 1.59 2.0% 2.5% 3.04 3.54 4.0% 43% 5.0% 5.5% 6.0% 204 3.04 0.046 10.0% 11.0% 12.04 2009 1 099010 0.98522 0.98039 0.97561 0.97087 0.96618 096154 0.95694 095238 0.94787 0.94340 0.93458 092593 091743 0.90909 0.90090 0.89286 0.83333 098030 097066 0.96117 0.95181 094260 0.93351092456 091573 0.90703 0.89845 0.89000 0.87344 085734 0.84168 0.82645 0.81162 0.79719 0.69444 3 097059 0.95632 0.94232 0.92860091514 090194 088900 037630 086384 085161 083962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.57870 4 096095 094218 0.92385 0.90595 0.88549 0.87144 085450083856 0.82270 080722 0.79209 0.76290 073503 0.70543 068301 0.65873 0.63552 0.48225 5 095147 0.92826 090573 0.58385 0.36261 034197 0.82193 080245 0.78353 076513 0.74726 0.71299 068058 064993 062092 0.5934505674 040155 6 0.94205 0.91454 0.58797 0.86230 0.83745 0.81350 0.79031 0.76790 0.74622 4.72525 4.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.33490 7 093272 0.90103 0.87056 084127 081309073599 0.75992073483 0.71068 0.68744 060505 062275058349 054703051316 0.48166 0.45235 0.27908 8 0.92348 0.58771 085349 082075 0.78941 075941 0.73009 070319 067684 0.65160 062741 0.58701 054027 050157 046651 0.43393 040388 023357 9 091434 0.87459 083676 0.80073 0.76612 0.7337 0.70259 0.67290 0.64461 0.61763 0.59190 0.54393 050035 0.46043 0.43410 0.19092 0.36061 019381 10 090529 0.86167 082035 0.78120 0.74409 0.70892 067556 051393 0.61391 0.58543 055839 0.50835 046319 0.42241 038554 035215 032197 016151 11 0.89633 0.84893 0.80436 0.76714 0.72343 0.68495 0.64958 0.61610 0.58468 0.55491 0.52879 0.47509 042388 0.38753 0.35049031728 0.28743 0.13459 12 038745 0.83639 0.78849 0.74356 0.70138 066178 062460 0.58966 0.55684 0.52598 0.49697 04401 0.39711 0.35553 031863 0.28584 0.25668 011216 13 0.87866 0.82403 0.77303 0.72542 0.68095 063940 0.60057 0.56427 0.53032 0.49856 046854 041496 0.36770 0.32618 0.28966 0.25751 0.22917 0.09346 14 086996 081165 0,75758 0.70773 066112 061778 0.57745 0.53997 050507 0.47257 044230 0.38782 0.34046 0.29925 0.26333 023199 020462 007789 15 0.56135 0.79985 0.74301 0.69047 0.64186 0.59689 0.55526 051672 0.48102 0.4479 041727 0.36245 0.31524 0.27454 023939 020900018270 006491 16 0.85282 0.78803 0.77845 0.47362 0.62317 0.57671 0.53391 0.49447 0.45811 0.43458 0.39365 0.33873 0.20139 0.25187 0.21763 0.15830 010120.5400 17 0.54438 0.77639 0.71416 0.65720 060500.55720 0.51337 0.47318 0.43630 0.40245 037136 031657 0.27027 0.23107 0.19784 0.16963 0.14564 0.04507 11 033602 0.76191 070016 0.64117 0.587 0.53836 049363 045780 041552 0.38147 0.35034 0.29586 025035 021199 017986 015282 0.13004 003756 19087774 075361058643 062553 0.57029052016 0.47454 0.4330 0.39573 0.36158 033051 0.27651023171019449 016351 0.13768 0.11611003130 20 0.31954 0.74347 0.57297 061027 055368 0.50257 0.45639 0.41456 037689 034273 0.31180025842 021455 017343 0.14564 0.12403 0.10367 003608 210.31143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43883 0.39679 0.35894 0.33486 0.29416 0.24151 0.9566 6.16370 0.13513 0.11174 0.09256 0.02174 24 078757 0.69954 062172 0.55288 0.49193 0.43796 0.39012 04770 031007 0.27666 024098 0.19715 0.15770 0.12640 0.10153 0.08170 006588 0.01358 35077977 0689210609530.53939 0.47761042313 0.37512 033273 029530 0263230 23100018425 01100011597 009230007361 005882001045 28 0.75684 065910 057437 0.50088 043708 0.38165 0.33348 0.29157 025509 022332 0.19563 0.15040 0.11591 0.08955 0.06934 005382 0.04187 0.00607 29 074934 0 64936 056311 045566 0.42435 0.36875 0.32065 0.27902 024295 021168 015456 0.14056 0.10733 0.025 0.05304 001549 003738 000506 30 0.74192 0.61076 .55207 0.47674 041199 0.35638 0.30832 0.26700023138 0.0064 0.17411 0.13137 .938 2.07837 0.05731 0.04348 0.03338 0.00431 31 073458 061031 054125 0465110399 034423 0.29646 0.250 022036 19018 016425 012277 0.09303 0.0091500210 001915 0.0190 0.00351 40 0.67165 0.55126 045289 037343 0.10656 025257 020829 017193 0 14205 011746 0.09722 000078 00101001184 002709 001538 001075 0.00068 TABLE 3 Future Value of an Ordinary Annuity of $1 PVA (1+1)-1 1004 11.04 12.04 2004 204 10000 30 10000 0 10000 10000 1.000 1.000 1.0000 2 3 1 10000 10000 10000 10000 10000 10000 10000 2.0100 20150 2.0200 202.50 2.0300 2.0350 20400 30301 30452 3.0004 3.0756 3.0909 3.106231216 4 4060440909 4.1216 4.152541836 4214942465 $ 51010 51523 5 2040 52563 53091 5.3635 54163 6046 10000 10000 10000 10000 2.0450 2.0500 2.0550 20600 3.1370 3.152531680 31836 4778243101 4.34234 3746 5.4707 5.5256 55811 56371 321493.2464 44399 45061 5.7507 5.8666 32781 4.5731 59547 33100 46410 61051 3.3421 4.7097 6.2278 3.3744 4.7793 6.3538 36400 5.3650 74416 66 .1520 6.2296 6.308163877 64654 6.55026633067169 6019 6.5551 7 7213573230 7.4343 7544 766357.779478953 0192 81430 2009 $2357 8.4325 8583037361389339.051792142 2.30009549197216 9 9.3685 9.5593 9.7546 99545 10.1591 10.3685 105828 10.9021 11.0266112563 10 10.4622 10.7027 109407 11.2014 114639 117314 170001 12.782 12.5779128754 69753 7.1533 8.39388 6540 397 102598 114913119750 13.1808 18164 733597.52337,9156 89228 2004 9.4872 9.7833 10.636611028 11:4359118594 12.4876 13.0210 13.5795 14.1640 144566 15.1929 159374 167220 10.0190 12.2997 147757 17.5487 129159 16.1991 207989 321504 39 5805 11 11.5668 11.8633 12 1687 11.4835 12.8078 13.1430 13.4864 12 126825 13.0412 13.4121 13.7956 141920 14.6030 150258 13 13 5093 142368 46803151004 156178 16 1130 16 6363 14 149474 15.4504 159739 165190 170863 17 6770 15 2919 15 15.0909 166821 172934 179319 18.5989 19.2957 200236 13.413 154640 17 1599 189321 20 7541 14.2018 14.835 14.9716 1718 16.6453 17.8603 18491219.5414 10.654 159171 16.3856 16.099 17.5855 18.9771 201407213843 22.71324 1331 17.7130 1861 1 81 201405214953 229514 245327 26 2116 09 1959562029362101512255052421460192 279750300949 33.3936 21.5786 22.4087 3370025.1290 27.1521 3 609317725 344054372797 48966 720351 16 17.2579 179334 15.6393 19.3802 30.1549 20.9710 21.8245 12.7193 17 18.4304 19.2014 20.0121 20.8647 217616 22.7050 23 6975247417 18196147 20.4394 214123221863214144244997 25.6454 268551 19 20.5109 211967 22.8406 239460 25.1169 263572 27.6712290636 20 22.0190 23.1237 24.294 25.5447268704 232797 397781313714 23.6575 24.6411 25.6725 27.8881 30.334333.0034 35.9497 39.189942753387.4421 25 8404 369964 28212930.8402 33.7502369737 40.5H7 .50084588371059306 251324 29451209057 33.990 37.4502411013 45.599250.3959 55.7497 125 1167 30.5390 32.1027 33 7600 37.3790 41.4463 460185 S11591 569395 63.4397 154.1400 330660345683 67856 409955 45.7620 51601 57.275004202720534 1860 11 13.393 344705 25.7833 17.1833 18.676530305 31.901237831 35.7193 37.78418.991744.5453 0.42 4764540025 72,2451 8 7225.256 30 739 375387405641435027 475754 516227 560519 61007166.4383 724355 0 582448051132833 136 075 104940 199.0209 2413327 1151.5816 40 458864 542679 60 4020 67 4026 75.4013 34.5503 %50255 107.0303 120799813660561547620 199.6351 259.056 3375824 42.5936581.8261 767091473438578 TABLE 4 Present Value of an Ordinary Annuity of $1 PVA 104 1.54 3.04 254 13 404 454 04 70% 80% 90% 100 1104 12.05 06 1 099010052 098039 097561 091087 09615 096154 0.95694 095235 094787 09410 0.93458 0.92593091743090909090090 0.19256083333 ? 197040 19558894156 1927 1917 19169 1869 187267 135941 1 811912080778326 7591173554 71252169005152778 3 294099 291220 288338 285603 2886 10647199749 735 60193267301 2002 2:57710251119 2006 407120013) 210548 # 390197 335438 330773376197 371 367 369 358753 354595 515 65111721 31213 7 21698710365363735358873 $ 4853 254 471346 4451 457971 440 4 410039971 6 16307 2900 6 943 79 60143 503 41719 7 67219 6 521 547199 63409 20161105 3765163745593 732543717014 01960 61 9 566028.35052 1624 797087 710 7601 10 94711 92215925975206 510 310 1614 15 16 493 4911334 33 33 800305 S292795 .71837 569 51 5120306701295 2 10566 360459 634 846121633 62095971305146654 5534025314935146126764333716 743533700771078957601 .51523 6205093995355.759025.5370553225 4.05097 31100702771 75333 73000970338 6100864176661457589333 050) 1987 11 10 174 1 11: Most , 1 1% 1 1 1 1 1 1 1 1 1 12 11 2558 10.0751 10.57534 10 25776 95000 966113 1107 11858 1835 13 12 1134 11.73153 11.3483710911910 514 10.30274 99 9 6255 99357 1410017012 5433811065 119001 11 2007 10 91052 10 561 103 104 15 16 13 43 121976 1218118119171141 111109 109955101 10 1 1 183 1128 1 1 1 1 1 0 0 419 490 497 497 184 79409753608 716073 631 64936 1937 1933 3515 7903 7 .1 d s 413 105 1437715 716 17 ? 10 000 750 0 2 141416 117 118 119 120 121 1 2 26 11 13 14 15 14 13 12 11 10 1 1 12 11 10 10 10 470 171 1 1167 1567256 14.99203 1435336 1375351 12650 121599911959113480710760109 9 7 556114 0 120 19 17201 16 7 15 67846 149789 433803709541313394 1259 12 0532 11 50765 11 1812 1033550 960360 011 4 1304455 11 164 163513 15 16 1777 14140331801246111950 1910 911 91355 35171444 2 11 1 11.90014 17.01 16.1845 18.4 14.9797 1016 13.447 11.87115 12.174 . 108 1081 10.01 .1934 8.668 . 750 4. 1 957348 IN 44 1141313 1643151 150 142211409194 13409 12 11 1063788258 907704 170 44159 10 350 01584 223964 20.93029 1900 190172001 16 15372431453371631240901257 10.73859.431 303 808497844 4032014099552715545 35 102733311477 21 310 1979777 18.60158 17.1590916040121504630 133317 1916 175736 9. 951 9 960 TABLE 5 FVAD- Future Value of an Annuity Due of $1 * *(1+1) 104 1.5% 20% 25 30 35 40 45 504 1 10100 10150 10200 10250 10300 10150 10100 10150 10500 2 20301 2.045220004 207562099 2.1062 2.1216 2137021525 3 30604 3090931216 31535 31336 3210933465327823101 44101041523 40404256) 491 436544163 S 1520 522963001 .3877 4554 5550 5630 5.716958019 0.0% 1.2000 26100 10550 2.1600 3303 604 0 4 0 4 10600 10700 1000 2.1836 1492.2464 3.3746 3439 3.5061 46371 47507 48666 5.975361533 63359 0 10.05. 2016 1000 11000 1100 2.2781 23100 3431 3.5731 6410 3.7097 49347 5.1051 52278 6 5213671566919 12.04 11200 2.3744 3.7793 53525 71152 5.8 89299 6 7 3 62135 6313064343 6.5474 6.6625677146.1983 72857 743 75830 7.7361 71923 805172140 365855937546 3954591591 9365 94672 9.702) 997 10203410439 10.734 11.0061 10.5618 10 3633 11 1687 114835 11.807812140124864 70192 7.140 73493038 79328 004 8.4873 2 9.0800119159 00 850 7216 9 5 96366 100 1043591015911 2997 5.0991 9021100366 1023 10491) 1097114876 12010125793 13 1640 13.7757 19.7989 11232115779118754 12.18812816111436H19 1934 15.7220 16.5487 249587 12.8412 11 2008 135813 189716 147 156455 165603 175312 18.614 19.0540 11504 10 11 116835 12.0411 11:41 12.7956 13.1930 1.600 14.258 14.4540 4.9171 153856 18 16.8083 179771 18.140720.3543 1171332.1331 12 12093132301 136003141004 1461715111010 161509387110 172 173 1010 0003 5 2377 35 2116 270391 1 13944 144508149739 15 5190166863166710 17 2019 17931 1936 19.2930200151 20550532149350192789750290919 31 3920 1 15.0969156821 16.294 169319 173089 182057 19.0736 19. 71 205762140872276024129030152123.3609 30.7725334054 362797 1 16 2579169124176191 192 19 19 19 9710201345217193 216575 236411 46725 36. 343 32001 - 3 4 133 1919 710351 8241 16 17:4304 11.2014 19.01.11 1.8647 16.16 21.7050 11475 13.7017 14.5414 28.04 17.1129 29.540232.7502159737 8.5447 008 47.8837 104 171861471481420 41232186124144 23. 4 454 25551 71334 214512299057 32.990 450 451 452 49.3959 4.1497 27.1167 IN 19 109 79 797 21 16 72450 24.1169253572266712230516 959031102132.1000 36.390 41834501 501591 55 910 024197 158 00 19 101001217 23914 2454758704 272797267781 303714 33000 3308335785699955160 50 1601 56 250 608 71052418560 10127397401361333376765 2 7193 38 786 55 10 15 2016 11 13.4716 143176 16.0 27.419 19.5368 31.89 3.480 353 37.801139.86442991348.0057 4.48 618 0.01 0.31431536 .0307 25255256 305140976709350117 37553019.3131433117 46510601135539000 1504 6767657949233401081818 1769881293319 5863773 30351327 38.1018 41.374 45000 49002159.43955828) 6.754 97008764194 83 10171010780 1 49 1483757180 34 22091323701976 H182579 10493751 55 0819 61 6100 600 76130 1 11 557 116 1159 16407213 0 9 368 2998 659 8 1264 TABLE 6 Present Value of an Annuity Due of $1 PVAD 1 2 3 104 105 104 1.5 3.0 1 4 04 4 4 100000000000000000000000000000000000 100000 100000 99010 19852219809197561 1970 196618196154 195694 195338 297040 295588294156 297 2.91347 2899692.88609287267 2.35941 4 4 4 0 9 .04 100000 10000 100000 10000 100000 19478719434091458 1959 1911 284632 283339 2.30802278326 2.75911 10.04 1204 12.04 3.05 100000 100000 10000000000 9 10090 189256133333 2.73554 2.71252262005252778 1 660161 26106 166 SY COSE THE ELLOS GI 1980 LIL 19101 OCE9+ GOSLLE TOEL9EGE SZELLE 9612 ESERST06629 SE SISOS 159 SISE OILSIZE UZ CIZIET ZO 5 E 01 HOPE THE S 1991 SHOE ELSISE SELEO 6 S31437 364 7 679541 60119 .71346 660141 64583 6 SOKS 5.57971 641719 551505 6.37855 ROLES STELS SSS SSS ELES 00'S 2165 655665695209 LESES POCO 'S 29829 OLEOS SOCOOL GREY BENSO 260899 266 OS EOCY 967 6606 19016'E SPOT 659 ISSTEE THIS POCS ESSES COUPS LOSS OREILSCHES SECOS GC100 VE 1865L SKLE COREL OCEL SPILL 105104 10 32548 1095660236052916924 11014 97057 019 3.78611 7873957 .73274 759589 60709 3435337679 746321 733457 720979697130 464 0.33486.334951401257761483716 10782795207801697.51523714619 953 35903653705 0.32835 503097 11 10471301013318 9.95159 9.75306 9.53030 9.31419.1109091272 .72173 2.3763830098023587.7100 7.417 714457 36.650 19249 ETOI TOISAALIHOITO 026 S1001 6 906 66 PET 916 6150 O STI OLUSTII HELSIIT 1 DORSE SHTOI LOSION TE96 PEREGRID 6 001 BOOKS FOLOSEGONSTVO SOSB60MOCHIPS 111611 IMETILI SE SPESES BEOG CEEI ZICOS II SOSII COSI 160601 Scott BOSCOOPISI 6 366069650 1986 6 SI POLTES DE DESCOCESE COGETS LEREZ PEOPLEIBL PRESS SSEFERLO E 0125 R O 3.00 16 14.8650S 14.30 . 36 13.38138 12.937 12.51741 12.11839 11.73955 11.37966 11.03758 10.71325 10.10391955 9.0 17 15 71287 15 135 1457771405500 13 56110 13.09412 12.6520 12 234021185772 11.40216 11.10590 10 44665935137 9312 163025 15 15 15 2017 1410 141 1365137 13.16567 12 7071912740711 561 1147726 10730210 12164 546 7 .190 166 367547 915 7979 571103 1 0715 61 ISESEDI DESESTO SII ISIT 069 1968 EI OLE OLET ORCI GIBSONT DIT IHCESSE EMPREESE 10566 909009SECTIUNITI SOCIOS OCHSC S 11 19.64454 IN 17143 146 1 47 1511140 1450033 1474 13.3 12950 11. 10. SS 35143914 1913 1714 17658 16 36 149514 151 150 1691 10 > 380079 20.3718 22.5 2145355301845 1903577 17.907 170319 10.1109 15.33310 15902132775) 1245841 111 3333 4 1059370 9601911 19103 10 o cost t 101 DOSE COST OF ESSEISTI E 65 GOES COSES OS Problem 5-10 (Algo) Solving for unknowns; installment notes (LO5-9) Lowlife Company defaulted on a $300,000 loan that was due on December 31, 2021. The bank has agreed to allow Lowlife to repay the $300,000 by making a series of equal annual payments beginning on December 31, 2022. (FV of $1, PV of $1. FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the required annual payment if the bank's interest rate is 10% and four payments are to be made. 2. Calculate the required annual payment if the bank's interest rate is 8% and five payments are to be made. 3. If the bank's interest rate is 10%, how many annual payments of $33,050 would be required to repay the debt? 4. If three payments of $114,315 are to be made, what interest rate is the bank charging Lowlife? Complete this question by entering your answers in the tabs below.Problem Required 1 Required 2 Required 3 Required 4 Calculate the required annual payment if the bank's interest rate is 8% and five payments are to be made. (Round your final answers to nearest whole dollar amount.) Table or calculator function: Present Value: Annual Installment: Problem 5-10 Algo) Solving for unknowns; installment notes (LU5-9) Lowlife Company defaulted on a $300,000 loan that was due on December 31, 2021. The bank has agreed to allow Lowlife to repa the $300,000 by making a series of equal annual payments beginning on December 31, 2022. (FV of $1. PV of $1. FVA of $1. PVA FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the required annual payment if the bank's interest rate is 10% and four payments are to be made. 2. Calculate the required annual payment if the bank's interest rate is 8% and five payments are to be made. 3. If the bank's interest rate is 10%, how many annual payments of $33,050 would be required to repay the debt? 4. If three payments of $114,315 are to be made, what interest rate is the bank charging Lowlife? Complete this question by entering your answers in the tabs below.Problem Required 1 Required 2 Required 3 Required 4 If the bank's interest rate is 10%, how many annual payments of $33,050 would be required to repay the debt? (Round the value of "n" to the nearest whole number.) Present Value: Annual Installment: Lowlife Company defaulted on a $300,000 loan that was due on December 31, 2021. The bank has agreed to allow Lowlife to repay the $300,000 by making a series of equal annual payments beginning on December 31, 2022. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the required annual payment if the bank's interest rate is 10% and four payments are to be made. 2. Calculate the required annual payment if the bank's interest rate is 8% and five payments are to be made. 3. If the bank's interest rate is 10%, how many annual payments of $33,050 would be required to repay the debt? 4. If three payments of $114,315 are to be made, what interest rate is the bank charging Lowlife? Complete this question by entering your answers in the tabs below.Problem Required 1 Required 2 Required 3 Required 4 If three payments of $114,315 are to be made, what interest rate is the bank charging Lowlife? (Round percentage answer to one decimal place. Round the interest rate to the nearest whole percentage.) Present Value Annuity Payment
