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You borrow money on a soliquidating installent loan equal payments at the end of each year, each payment is part principal part interest) $170.000 IR
You borrow money on a soliquidating installent loan equal payments at the end of each year, each payment is part principal part interest) $170.000 IR 11.09 Life (years) Date of Loan January 1, 2020 Uw the installment methodno straight line De NOT round any intermediate numbers Do NOT turn this into a monthly problem a) What is the m al payment b) What are the total interest payments? c) An 2 payments have been made wharentage of the w interest has been paid round to the newest percentage point! d) After payments have been made what percent of the total piipal has been paid rond to the nearest percentage point Rede the problem the interest rate is 3.00 (for a wel designed spreadsheet is should take 30 seconds) e) What is the annual payment? What are the total Wrest payments? After 32 payments have been made what percentage of the total interest has been paid (round to the nearest percentage point? h) Afler 32 payments have been made wholprentage of the total principal has been paid round to the nearest percentage point
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