$5.$ Anchor Industries borrows $$720,000$ from State Bank and Trust. The bank loans the money for $12$ years and charges $14\%$ annual interest.

a$.$ How much is each annual payment?

b$.$ Assume that the bank will make the loan only on condition that Anchor Industries$$ initial $6$ payments are $$175,000$ each. How much will each subsequent payment be$?$

c$.$ How much is each semi$-$annual payment under the original conditions but with interest compounded semi$-$annually? Answer this using a BAII plus financial calculator and show the keystrokes