An amount of $15,000 is borrowed from the bank at an annual interest rate of 11%. a. Calculate the equalend-of-year payments required to complotely pay off the loan in 4 years. b. Calculate the repayment amounts if the loan ($15,000) will be repaid in two equal installments of $7,500 each. paid at the end of second and fourth years respectively. Interest will be paid each year. Click the icon to view the interest and annuity table for discrete compounding when j=11% per year. a. The equal end-of-year parymints required to pay off the loan in 4 years are \& per year. (Round to the nearest dollar.) b. Fill in the tablo below. (Round to the nearest dollar.)