in the first period and over the ife of the loan, while the princpat repayment is in the first period and it theneater: Quantitative Problems You need $14,000 to punchase a used car, Your weakhy uncle is willing to lend you the money as an amertied loah, He would like you to a. What wil be your annual loan paponents? Do not round intermediate calculations. Round veur amwer to the nearest cert. nearest cent. Interest: 5 mincipal reparment is