1 You owe $10,000 on a loan. The loan is to be repaid in equal payments at the end of each year for the next five years. The interest rate on the loan is 8%. What is the amount of each of the annual loan payments? O $1,705 $2,505 O $1,547 $1,047 2 You owe $300,000 on a mortgage loan. The loan is to be repaid in equal payments at the end of each MONTH for the next 30 years. The interest rate on the loan is 6.00%, compounded monthly. What is the amount of each of the monthly mortgage payments? $1,81622 $1,500.00 $1,798.65 $10,897.34