please help me understand these finance questions

E Homework: 4-1 MyLab Question 6, Problem 8-7 HW Score: 38.7%, 12.38 of 32 (algorithmic) Homework points Part 2 of 3 Points: 0.8 of 4 Save Sovereign Debt Negotiations. A sovereign borrower is considering a $100 million loan for a 4-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 current credit standing in the market today is 8%, but a number of international banks with which it is negotiating are arguing that is most likely 12%, at the minimum 8%. What impact do these different interest rates have on the prospective annual payments? The annual payment, if the interest rate was 8%, is $ 30192080 . (Round to the nearest dollar.) The annual payment, if the interest rate was 12%, is $ . (Round to the nearest dollar.)