A bank just approved your small business loan for $30,000. The loan has an interest rate of 8.5% and will be repaid with 10 end-of-year payments. What is the required annual loan payment? $3, 254.91 $3, 981.65 $4, 572.23 $4, 373.14 $4, 271.33 Halfway through the loan's life, what is the loan's remaining balance? $15, 557 $14, 736 $11, 122 $15, 288 $18, 018 What percentage of the total payments made during the first five years will be made toward interest? 51.22% 47.59% 45.66% 54.56% 39.34%