Lou borrows $10,000 at 9% interest towards the purchase of a car. The loan is for 10 years. Please show work for the following questions.

a) What will the annual payments be to pay off the loan with interest?

b) What would the monthly payments be approximately?

c) Over the life of the loan, how much will Lou pay as total interest payment?

d) Of the first annual payment, how much goes toward interest?

e) Of the first annual payment how much goes towards paying the principal?