Acer :: Aspire 5100 ... Lots Of Beeps On Startup And NTLDR Missing

My father’s notebook has been acting up for awhile. It beeps continuously at startup.

You would have to "F2" to the BIOS then exit the BIOS, then start up screen to come up again, beeps again repeat "F2" back to BIOS, but eventually XP would load. Unfortunately everything was sluggish, keyboard wouldn’t work right. So in my limited computer knowledge I decided to reformat the notebook. I could not find any back up disk that came with the notebook so I created a back up disk from factory settings via the Acer eRecovery Management process. I have ran this recovery disk twice. Both times I have installed the recovery disk I get NTLDR missing as well as the beeps have not gone away. From some online research beeps mean computer is telling us something is wrong with the hardware. Number of beeps tells what specifically; unfortunately I can’t find what continuous beeping means. NTLDR missing I found usually means that the computer is looking in the wrong place for the file.

I have no idea what I should do next to resolve the problem. Should I go out and buy an OME copy of XP Pro. Will friends XP Pro disks work as long as I use the XP Key found on the bottom of my laptop? How can i figure what hardware is causing the notebook to beep?

Ideally what I would like to achieve is a clean install with the most limited amount of Acer bloat ware installed. I am trying to find a list of what programs are needed and what programs are bloatware.