You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest Loan amount $456,000 Interest Rate 114% Life 48 years Date of Loan January 1, 2021 Use the installment method - not straight line Do NOT round any intermediate 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 fround to the nearest $p? $ 2. What are the total Interest payments (round to the nearest $1? 3. After 18 payments have been made, what percentage of the total Interest has been paid (round to the nearest percentage point)? 4. After 18 payments have been made, what percentage of the total principal has been paid fround to the nearest percentage point)? Redo the problem the Interest rate is 2%. pot a well designed spreadsheet this should take 30 seconda Required: 5. What is the annual payment found to the nearest $! $ 6 What the total Instruments that 2. What are the total interest payments (round to the nearest $)? 3. After 18 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? % 4. After 18 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% (for a well designed spreadsheet this should take 30 seconds) Required: 5. What is the annual payment (round to the nearesk 512 $ 6. What are the total Interest payments (round to the nearest $)? $ 7. After 18 payments have been made what percentage of the total interest has been paid (round to the nearest percentage point? 8. After 18 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)