please review and answer the following question

C Get Homework Help With Chegg X C Question Homeworkilime Vi X G X -> Home | myLU x Zu Homework: Time Value of Money x Question 9 - Homework: Time Va X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%2525%252Flms.mheducation.com%252Fmghmiddleware%252Fmhepro Apps ESPN: The Worldwi... Shalimar Weather -... G Google https://searchsafe.n... New Tab *Bookmarks Homework: Time Value of Money Assignment i Saved 9 a. If you borrow $2,800 and agree to repay the loan in five equal annual payments at an interest rate of 12%, what will your payment be? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 1.64 points Amount of payment Skipped eBook Print b. What will your payment be if you make the first payment on the loan immediately instead of at the end of the first year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Amount of payment