8 of 12 (9 complete) HW Score: 60%, 30 P6-17 (similar to) (Related to Checkpoint 6.1) (Loan amortization) On December 31, Both Klemkesly bough $40,090 said $10 000 down and agreed to pay the balance in & equal annu principal and 8 percent interest on the declining balance How big wil the annual pay a. On December 31, Both Klemkasky bought a yacht for $40,090 and paid $10,900 down, how d to borrow to purchase the jackit? $ 70000 (Round to the nearest dollar b. If Both agrees to pay the loan plus 8 percent con the not 5 years in 5 equal end of year payments, al payments be? (932 43 (Round to the nearest cent )