There are 5 exercises in this set. Choose 1-5: PV OF $1 0.10 Norman borrowed $1,000 from a bank on a five-year installment loan, with annual payments. The interest rate per year is 6.00%. What payment will Norman make at the end of each year? $212.000 0.04 0.9615 0.9246 0.8890 0.8548 0.8219 0.05 0.9524 0.9070 0.8638 0.8227 0.7835 0.06 0.9434 0.8900 0.8396 0.7921 0.7473 0.08 0.9259 0.8573 0.7938 0.7350 0.6806 0.9091 0.8264 0.7513 0.6830 0.6209 Tolerance = + or -.50. Interest Principal Loan Period Payment Expense Reduction Balance PV OF ANNUITY OF $1 0.05 0.06 0.08 0.10 0.04 0.9615 1.8861 2.7751 0.9524 1.8594 2.7232 3.5460 4.3295 0.9434 0.9259 1.8334 1.7833 2.6730 12.5771 3.4651 3.3121 4.2124 3.9927 0.9091 1.7355 2.4869 3.1699 3.7908 3.6299 4.4518 Free Space Interest Principal Loan Payment Expense Reduction Balance Period O TOO OO TOO