have first 2 boxes open on 4 too.

Consider a 4-year amortizing loan. You borrow $2,700 initially and repay it in four equal annual year-end payments. a. If the interest rate is 10%, what is the annual payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual payment $ 851.77 b. Prepare an amortization schedule. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.) Time Loan Balance ($) Year-End Interest Due on Loan Balance ($) Total Year-End Payment ($) Amortization of Loan ($) 0 851.77 581.77 1 270.00 211.82 147.83 851.77 2,700.00 2,118.23 1,478.28 774.34 639.95 2 851.77 703.94 3 77.43 851.77 774.34 4