PLEASE IDENTIFY WHETHER EACH IS A PV, FV, ANNUITY, ETC, THANK YOU
ALSO PLEASE UNDERSTAND THIS IS ONE QUESTION, I INCLUDE THE REQUIRED PARTS 4X FOR YOUR CONVIENCE
Problem 5-10 (Algo) Solving for unknowns; installment notes [LO5-9) Lowlife Company defaulted on a $220,000 loan that was due on December 31, 2021. The bank has agreed to allow Lowlife to repay the $220,000 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 $28,924 would be required to repay the debt? 4. If three payments of $77,777 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 10% and four payments are to be made. (Round your final answers to nearest whole dollar amount.) PV of $1 Table or calculator function: Present Value: n = 1 = FV of $1 Annual Installment: FVA of $1 FVAD of $1 Required 1 Required 2 > PV of $1 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 $28,924 would be required to repay the debt? 4. If three payments of $77,777 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: n = i = Annual Installment 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 $28,924 would be required to repay the debt? 4. If three payments of $77,777 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 $28,924 would be required to repay the debt? (Round the value of "n" to the nearest whole number.) Present Value: n = 11 Annual Installment: 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 $28,924 would be required to repay the debt? 4. If three payments of $77,777 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 $77,777 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: n = = Annuity Payment
