Calculate the annual amount of interest (assuming no principal repayment) for each of the following:

a. Term loan of $122,000 over 15 years at 6.5%

b. Line of credit for $50,000 drawn 50% all year at 10%

c. 15 shares of stock purchased at $12.50 per share

d. Bonds trading at par for $2,000 with a 7% rate