A bank just approved your small business loan for $25,000. The loan has an interest rate of 7.5% and will be repaid with 10 end-of-year payments. What is the required annual loan payment? $3,642.15 $3,981.65 $3,116.40 $4,456.43 $2,980.59 Halfway through the loan's life, what is the loan's remaining balance? $14,736 $18,018 $17,342 $11422 $15,288 What percentage of the total payments made during the first five years will be made toward interest? 49.44% 39.34% 41.53% 43.64% 56.13%