Using the appropriate tables, solve each of the following situations. (Click here to access the time value of money tables to use with this problem.) Round your answers to two decimal places. Required: Thomas Petry owes a debt of $7,000 from the purchase of a boat. The debt bears 12% interest payable annually. Thomas will pay the debt and interest in 5 annual installments beginning in 1 year. Calculate the equal annual installments that will pay off the debt and interest at 12% on the unpaid balan