Quantitative Problem: You need $18,000 to purchase ased cas, Your wealthy uncle is wimng to lend you the money as an amortized loan. He would like you to make annual payments for 6 years, with the first payment to be made one year from today. He requires a 7 andual return. a3. What will be your annual loan paytients? Do not round intermediate calculations. Round your answer to the nearest cent. $ b. How much of your first payment will be applied to interest and to principal repayment? Do not round intermediate calculations. Round your answers to the nearest cent. Interestis Prind pal repaymenti $