EA 1. LO 121 Campus Flights takes out a bank loan in the amount of $200.500 on March 1. The terms of the Ioan include a repayment of principal in ten equal installments, paid annually from March 1 . The annual interest rate on the loan is 8%, recognized on December 31. (Round answers to the nearest whole dollar if needed.) A. Compute the interest recognized as of December 31 in year 1 rounded to the whole dollar. B. Compute the principal due in year 1