You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interesti Use the instalment metrod - not straignt une Do NOT round any intermediate numbers. Do NOT tum this into a monthly problem. Do NOT put in minus signs, answer all positive numbers. Required: R. What is the annual payment (round to the nearest \$)? $ 2. What are the total interest payments (round to the nearest \$)? 3. After 14 payments have been made, what percentage of the total interest has been paid (round to the nearest percentoge point]? 4. After 14 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)? Redo the problem if the interest rate is 2% Redo the probiem if the interest rote is 2%. (for a well designed spreadsheet this should take 30 seconds) Required: Required: 5. What is the annual payment (round to the nearest \$)? 6. What are the total interest payments (round to the noarest \$)? 2. What are the total interest payments (round to the nearest $ )? 3. After 14 payments have been made, what percentage of the total interest has been poid (round to the nearest percentage point?? 4. After 14 payments have been made, what percentage of the total principal has been poid (round to the nearest percentage point)? % Redo the problem if the interest rate is 2% (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 14 payments have been made, whot percentage of the total interest has been paid (round to the nearest percentoge point? 8. After 14 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point