Lorkay Seidens Inc. just borrowed $100,000. The loan is to be repaid in equal installments at the end of each of the next twenty years, and the interest rate is ten percent. 13. What is the annual payment that the company has to make? a. $8,137.27 c. $10,045.14 b. $9,554.78 d. $11,745.96 14. What is the balance of the loan after eight payments? a. $72,173.84 c. $80,033.35 b. $76,290.73 d. $83,435.74 15. What portion of the thirteenth payment is used to pay for principal? a. $4,124.90 c. $6,343.57 b. $5,479.58 d. $7,961.56