Jim Thomas borrows $85,000 at 12 percent interest toward the purchase of a home is more is for 30 ye. BD (Round "PV Factor" to 3 decimal places. Round the final answer to nearest whole ole a. How much will his annual payments be? (Although home payments on a more shown on annual basis for ease of computation. We get a reasonably accurate answer 06:42 Annual payments b. How much interest will he pay over the life of the loan? Amount of interest c. How much should he be willing to pay to get out of a 12 percent mortage and years on the mortgage? Assume current interest rates are 10 percent. Carefully consider themes Amount to be paid