Use the instaument metnod - not straignt ne Do NOT round any interrmedlate numbers. Do NOT turn this into a monthly problem. Do NOT put in minus signs, answer all positive numbers. Required: 1. What is the annual payment (round to the nearest $ ? $ 2. What are the total Interest payments (round to the nearest $ )? $ 3. After 22 payments have been made, what percentage of the total Interest has been pald (round to the nearest percentage point)? % 4. After 22 payments have been made, what percentage of the total princlpal has been pald (round to the nearest percentage point)? % Redo the problem if the Interest rate is 3% (for a well designed spreadsheet this should take 30 seconds) Required: 5. What is the annual payment (round to the nearest $ ? $ 6. What are the total Interest payments (round to the nearest \$)? $ 7. After 22 payments have been made, what percentage of the total Interest has been paid (round to the nearest percentage point)? % 8. After 22 payments have been made, what percentage of the total princlpal has been paid (round to the nearest percentage point)? %