Bill Farmer has had some financial problems and cannot pay the $200,000 loan that is due next week (i.e. now). Bill's lender agrees to accept 5 annual payments of $46,000 each for the next 5 years instead, with the first payment due one year from now. Is this a good deal for Bill, assuming the normal interest rate for a loan in the next 5 years is 8%? Explain why or why not. 3b. approximately what interest rate is Bill’s lender actually charging on the repayment agreement in #3a.