Homework: Chapter 4 Homework Question 10, P4-22 (simi. HW Score: 82%, 12.3 of 15 points Part 1 of 18 Save Points: 0 of 1 Amortization. Loan Consolidated Incorporated (LC) is offering a special one-time package to reduce Custom Autos outstanding bills to one easy-to-handle payment plan LC will pay off the current outstanding bills of $234 000 for Custom Autos i Custom Autos will make an annual payment to LC at an interest te of 9% over the next 5 years a. What are the annual payments of the loan? b. What is the amortization schedule for this tonni Custom Autos wants to pay off the loan before the loan maturity in yours? c. When will the balance behal paid off? d. What is the total rest expense on the loan over the years? What is the annun payment of the foon? Cound to the nearest cent)