Computing the Annual Debt Payments

On September $1,$ Sault Inc. incurs a $$120,000$ debt. Arrangements are made to pay this debt in three equal annual installments starting immediately at

compound interest of $10\%.$

a$.$ Is this an ordinary annuity or an annuity due?

In answering the following questions, round your answer to the nearest whole number.

Do not use negative signs with your answers.

b$.$ Compute the amount of the equal annual payments.

$

c$.$ Compute the annual payment assuming the payments are made annually at the end of each annual period beginning on September $1,$ one year from

now.