Question 10 to renovate the space, a restaurant borrowed $410,000 over 5 years, with an interest rate of 8.8% per annum on the unpaid balance. The repayment schedule calls for five equal annual payments, the first occurring at the end of year 1 . Answer the following questions. a) What is the annual payment of the loan? [3 points] b) Construct the amortization table for this loan and show your calculation either in the table or separately. [7 points]