Consider the following loan. Complete parts$($a$)-($c$)$ below.

An individual borrowed $$$$61,000$ at an APR of $5\%,$ which will be paid off with monthly payments of $$$$357$ for $25$ years.

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Part $1$

a$.$ Identify the amount$$ borrowed, the annual interest$$ rate, the number of payments per$$ year, the loan$$ term, and the payment amount.

The amount borrowed is $$$enter your response here$,$ the annual interest rate is enter your response here$\%,$ the number of payments per year is enter your response here$,$ the loan term is enter your response here $$years$,$ and the payment amount is $$$enter your response here.