Assume a former takes out a five year loan for $50,000. The annual interest rate is 4% and the farmer will make equal total annual payments for years one through five with a 25% balloon payment at the end of year five. What will the farmer's total payment in your five be? Round all numbers to the nearest whole dollar. O a $12,500 b. 521 424 O c $20,600 Od $28,386 QUESTION 23 Assume a farmer takes out a five year loan for $50,000. The annual interest rate is 4% and the farmer will make equal total annual payments for years one through five with a 25% balloon payment at the end of year five. How much interest will accumulate on the balloon payment annually? Round all numbers to the nearest whole dollar O a $2,000 b. $500 OC $8.424 Od $12,500