Quantitative Problem: You need $10,000 to purchase a used car. Your wealthy o annual payments for S years, with the first payment to be made one year from today. He requires a 5% annual return o. a. What will be your annual loan payments? Round uncle is willing to lend you the money as an amo rtized loan. He would like you to make your answer to the nearest cent. Do not round intermediate calculations b. How much of your first payment will be applied to interest and to principal repayment? Round your answer to Ocalculations. the nearest cent. Do not round intermediate Interest: s Principal repayment