Answer the next three questions using the following information.

Loan amount: $$30,000$ Interest rate $5\%$ Term $3$ years. Each payment is made at the end of the year. Total three payment.

First payment at the end of the first period.

What is the yearly payment of this loan?

$10$ points

QUESTION $17$

What is the loan balance after the second payment? You made the two payments in total.

$10$ points

QUESTION $18$

What is the total interest you pay on this loan?

$10$ points

QUESTION $19$

What is the interest amount you paid in year $2?$