Jill and bob want to purchase 120 ac re farm valued at $12000 per acre. the requires a 10% down payment, charges 5% annual interest, and will finance the note for 25 years.

A) compute the initial amount of the loan.

B) compute the amount of the down payment.

C) compute the amount of money that will have been paid to the bank over the life of the loan.

D) compute the amount of the annual payment

E) compute the total amount of interest paid to the bank over the life of the loan.

I=5%

n=25