please provide detailed explanation to help me understand.

thank you

Loan You borrow money on a self liquidating instatemnt loan (equal payments at the end of each year, each payment is part principal part interest $723,000 Interest Rate 9.70% ufe (years) Date of Loan January 1, 2020 Use the installment method - not straight line 10 DO NOT round any intermediate numbers. 11 Do NOT turn this into a monthly problem. 13 ) What is the annual payment? 14 b) What are the total interest payments? 15.) After 22 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? 16 d) After 22 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)? 18 Rado the problem the interest rate is 2.00% 20 (or a well designed spreadsheet this should take 30 seconds) 22 o What is the annual payment? 23 ) What are the total interest payments? 24 B) After 22 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? 25. After 22 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point