If your uncle borrows $50,000 from the bank at 10 percent interest over the eight-year life of the loan. (Use a Financial calculator to arrive at the answers. Round the final answer to the nearest whole dollar.) a. What equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest? Annual payments b. How much of his first payment will be applied to interest and to principal? c. How much of his second payment wili be applied to interest and to principol