You borrow money on a self Ilquildating Installment loan (equal payments at the end of each year, each payment is part principal part Interest) Use the Installment method - not straight Ine Do NOT round any interrmedlate numbers. Do NOT turn this into a monthly problem. Do NOT put in minus signs, answer all positive numbers. Requlred: 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 polnt)? % 4. After 22 payments have been made, what percentage of the total princlpal has been paid (round to the nearest percentage point)? % Redo the problem If the Interest rate is 1% (for a well designed spreadsheet this should take 30 seconds) Requlred: 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 pald (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)? %