A sovereign borrower is considering a $100 million loan for a four-year maturity. It will be an amortizing loan, meaning that the interest and principal payments will total, annually, to a constant amount over the maturity of the loan. There is, however, a debate over the appropriate interest rate. The borrower believes the appropriate rate for its creditstanding in the market today is 10%, but a number of the international banks which it is negotiating with are arguing that it is most likely 12%, at the minimum 11%. What impact do these different interest rates have on the prospective annual payments?