istory Bookmarks Window Help Mon 318 PM a I Handmade italian Food in Houston jN onnect MBA FIN 652: Summer 2018 FINANCE 9 assignments instructions I help Question 4 (of 4) I Seve&Esit Submit 7.50 points Larry Davis borrows $85,000 at 12 percent interest toward the purchase of a home. His mortgage is for 30 years. Use Agpendix D for an approximate answer, but calculate your final answer using the formula and financial caloulator methods a. How much will his annual payments be? (Although home payments are usualy on a monthly basis, we shall do our analysis on an annual basis for ease of computation. We will get a reasonably accurate answer) (Do not round Intermediate calculations. Round your final answer to 2 decimal places.) How much interest wil he pay over the life of the loan? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b