Question: solve all 8 qs thankyou Required:Loon Problem Helo ES Save & E Submit 1 You borrow money on a liquidating installment loan cun payments at

solve all 8 qs thankyou
solve all 8 qs thankyou Required:Loon Problem Helo ES Save & E
Submit 1 You borrow money on a liquidating installment loan cun payments

Required:Loon Problem Helo ES Save & E Submit 1 You borrow money on a liquidating installment loan cun payments at the end of each year each payment is part principal part interest Loan amount 5479000 InterestRate 172 Life 43 years Date of loan January 1, 2021 Use the installment methodnot straight DO NOT round any intermediate numbers Do NOT turn this into a monthly problem DO NOT put in minus signs answer a positive numbers. Required: 1. What is the annual payment (round to the nearest $17 $ 2. What are the total interest payments found to the nearest ? 3. After 16 payments have been made what percentage of the total interest has been paid round to nearest percentage point? 4. After 16 payments have been made what percentage of the total principal has been pold round to the nearest percentage point Redo the problem if the interest rate is 2 Mor a well designed spreadshoot this should take 30 seconds) Required 5. What is the annual payment tround to the nearest 5 S 6. What we the total interest payments found to the nearest The nearest ? 3. After 16 payments have been made what percentage of the total interest has been paid found to the nearest percentage point 4. Aner 16 payments have been made, what percentage of the total principal has been paid ground to the nearest percentage poing7 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 nearest 5) 6. What are the total interest payments fround to the nearest ?? 5 7. After 16 payments have been made what percentage of the total interest has been paid round to the nearest percentage point? a. After 16 payments have been made, what percentage of the total principal has been paid fround to the nearest percentage point

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