A bank just approved your small business loan for $20,000. The loan has an interest rate of 8.0% and will be repaid with 10 end-of-year payments. What is the required annual loan payment? $3,981.65$2,980.59$3,396.03$3,254.91$44,373.14 Halfway through the loan's life, what is the loan's remaining balance? $11,901$15,288$16,551$17,342$13,339 What percentage of the total payments made during the first five years will be made toward interest? 51.22% 39.34%45.66%52.93% 56.13%