Can you also explain the last question?

bank just approved your small business loan for $25,000. The loan has an interest rate of 7.5% and will be repaid with 10 end-of-year payments. What is the required annual loan payment? $2,980.59 $3,396.03 $3,642.15 $3,981.65 $4,572.23 Halfway through the loan's life, what is the loan's remaining balance? $14,736 $11,901 $16,551 0 $18,018 12:16 PM 12020 515,288 What percentage of the total payments made during the first five years will be made toward interest? 56.13% 51.22% 45.66% 43.64% 47.59%