A bank loan requires you to pay $88,000 at the end of each of the next eight years. The interest rate is 10% a. What is the present value of these payments? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b. Complete the following amortization table. (Negative amounts should be indicated by a minus sign. Round your answers to nearest whole dollar amount.) Beginning Balance Interest (10%) Year Payment Loan Red. Ending Balance 1 2 3 4 5 7 8 6