You are the loan officer of a bank. Saul Harris has just started a company and wants to borrow $100000 and repay it with 4 equal annual installments (first payment due one year from now) Interest rate = 10% per year.

A) What is the annual payment?

B) What will be the annual payment if the first of the four equal payments is due immediately?

C) If Saul Harris CO is allowed to pay the equal monthly payments over 5 years , what is the first payment due one month from now ?