a. What are the annual payments that cover the interest and principal repayment? 5 b. How much of the first payment goes to cover the interest? $ c. How much of the loan is paid off during the first year? $ d. What is the interest payment during the second year? 5 e. What is the remaining balance after the second year? 5 f. Why did the interest payment change during the second year? The annual in the amount owed each subsequent interest payment