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A bank loan requires you to pay $$80,500$ at the end of each of the next eight years. The interest rate is $10\%.$

a$.$ What is the present value of these payments?

b$.$ Complete the following amortization table.

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Complete the following amortization table.

Note: Negative amounts should be indicated by a minus sign. Round intermediate calculations and final answers to the nearest whole dollar amount.

$\backslash$table$[[$Year$,\backslash$table$[[$Beginning$],[$Balance$]],$Payment,Interest $(10\%),$Loan Reduction,Ending Balance$],[1,,,,,],[2,,,,,],[3,,,,,],[4,,,,,],[5,,,,,],[6,,,,,],[7,,,,,],[8,,,,,]]$

$11$ of $17$

NextA store offers two payment plans. Under the installment plan, you pay $20\%$ down and $20\%$ of the purchase price in each of the next $3$ years. If you pay the entire bill immediately, you can take a $10\%$ discount from the purchase price.

a$.$ Which is the better deal if the interest rate is $6\mathrm{.}3\%?$

b$.$ How will your answer change if the four payments on the installments do not start until the end of the year?

Complete this question by entering your answers in the tabs below.

Required B

How will your answer change if the four payments on the installments do not start until the end of the year?

How will your answer change if the four payments on the installments do not start until the end of the year?