Please answer B

answer for A:

Calculating Annual Payment,

Using TVM Calculation,

PMT = [PV = 5,000, FV = 0, N = 5, I = 0.09]

PMT = $1,285.46

Annual Payment = $1,285.46

Create an amortization schedule for a $5,000 car loan at a 9% interest for 5 years. Assume the payments are made annually. a. What is the payment amount? Clearly show your work b. Create the amortization schedule below using the six headings