Pucent Inc, finances a new joint venture project by borrowing $10 million. The loan requires equal annual payment for the following 15 years with an annual interest rate of 7%. (a). Compute the annual payment (b.) Compute the interest and repayment of principal for the 12th payment. (c). As the loan approaches the maturity, which of the following will gradually decrease? a. interest b. principal c. annual payment