Amortizing Loan Consider a 4-year amortizing loan. You borrow $173,000 initially, and repay it in four equal annual year-end payments. a. If the interest rate is 5.38%, 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 blank - be certain to enter "O" wherever required. Do not round intermediate calculations. Round your answers to 2 decimal places.) Time Loan Balance $ Year-End Interest Due on Balance $ Year-End Payment $ Amortization of Loan $ O-NM + 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. Is it the present value of the remaining loan payments