A loan 1 $ / 900 10) was may tuwe walking and that will eram compound interesante en Required: a. What will the annual Days to Do not your round intermediate calculations and round your final answer to the nearest whole dollar amount) b Suppose the investor makes the primary. (Do not your round Intermediate calculations and round your final answer to 2 decimal places) payment was made by making monthly with they will my (Do not your round intermediate calculations and round your final amwer to 2 decimal pinces) 6 Monthly payment cence annual payment A loan of $71,900 is due 10 years from today. The borrower wants to make annual payments at the end of each year into a sinking fund that will eam compound interest at an annual rate of 10 percent. Required: a. What will the annual payments have to be? (Do not your round intermediate calculations and round your final answer to the nearest whole dollar amount.) b. Suppose the investor makes the payments monthly instead. How much would they need to pay each month? (Do not your round intermediate calculations and round your final answer to 2 decimal places.) c. If payment was made by making monthly payments with monthly compounding then how less they will pay in a year? (Do not your round intermediate calculations and round your final answer to 2 decimal places.) per year a Annual payment 6 Monthly payment c Difference in annual payment per month per year