Please show me in details how you find the answers. Thank you!

For part 1, I tried to multiply the PV with the $42,683 for each period and then add them up, but it didn't work.

Recording Entries for an Installment Note Payable On January 1, 2020, a borrower signed a long-term note, face amount, $110,000; time to maturity, three years; stated rate of interest, 8%. The market rate of interest of 10% determined the cash received by the borrower. The note will be paid in three equal annual installments of $42,683 each December 31 (which is also the end of the accounting period for the borrower). Required a. Compute the cash received by the borrower and prepare a debt amortization schedule. Note: Round your answer to the nearest whole dollar. 1. Compute the cash received by the borrower. $ 106,146 x 2. Prepare a debt amortization schedule. Note: Round each amount in the table to the nearest whole dollar. Note: Use a negative sign for the "Reduction in N.P." amounts. Account Name Dr. Cr. 0 X 0 0 0 X 0 x 0 0 X 0 > 0 0X Date Jan. 1, 2020 Cash Note Payable Dec 31, 2020 Interest Expense Note Payable Cash Dec. 31, 2021 Interest Expense Note Payable Cash Dec 31, 2022 Interest Expense Note Payable Cash 0 X 0 >> 0 x 0