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You borrow money on a self liquidoting installment loan (equal poyments at the end of each year, each payment is part principal part Interost Use

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You borrow money on a self liquidoting installment loan (equal poyments at the end of each year, each payment is part principal part Interost Use the installment method - not straight line Do NOT round any interrmediate numbers. Do NOT turn this into a monthly problem. Do NOT put in minus signs, answer all positive numbers. Required: 5. 2. What are the total interest payments (round to the nearest \$)? 3. After 29 payments have been made, what percentage of the total interest has been paid fround to the nearest percentage pointi? 4. After 29 payments have been made, whot percentage of the total principal has been paid (round to the nearest percentage pointi? Redo the problem if the interent rate is 19 (for a well designed spreadsheet this should take 30 seconds) Requiredt 5. What is the onnual payment (round to the nearest Si? 5 6. What are the todat interest poyments gound to the neorest 51? 6. What are the total interest payments (round to the nearest \$)? 5 7. After 29 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point?? 8. After 29 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)

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