Problem 10-6A Installment notes LO C1 On November 1, 2016, Norwood borrows $440,000 cash from a bank by signing a five-year installment note bearing 7% interest. The note requires equal total payments each year on October 31(Table B.1, Table 2, TableB.3, and TableB4) (Use appropriate factor(s) from the tables provided.) Required: 1. Complete the below table to calculate the total amount of each installment payment. Initial Cash Proceeds Amount of annual payment PV Factor