A) You loaned $58,703 to a firm just now. The term is 13 years. The firm promises to pay you an annual interest of $5,625 at the end of each year. Moreover, it will will also repay the principal on the due date. The annual discount rate is 6%. Please use a financial calculator to find the present value of all the payments that the firm will make to you regarding the loan.

B)The APR of a loan is 5.1%. The customer needs to make 2 payments each year. The loan must be paid off in 11 years. Suppose the principal of the loan is $95,335. Find the balance remaining on the loan after 5 years.