Amortizing Loan

Consider a $4-$year amortizing loan. You borrow $$212,000$ initially, and repay it in four equal annual year$-$end payments.

a$.$ If the interest rate is $5\mathrm{.}78\%,$ calculate the annual payment. $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Annual payment

$

b$.$ Prepare an amortization schedule. $($Leave no cells blonk $-$ be certain to enter $"$O$"$ wherever required. Do not round intermediate calculations. Round your answers to $2$ decimal places.$)$

c$-1.$ What is the loan balance at the end of year $1?($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Loan balance

c$-2.$ What is the present value of the remaining loan payments?