(Related to Checkpoint 6.1) (Loan amortization) On December 31, Beth Klemkosky bought a yacht for $110,000. She paid $16,000 down and agreed to payments be? a. On December 31, Beth Klemkosky bought a yacht for $110,000 and paid $16,000 down, how much does she need to borrow to purchase the yacht? $L (Round to the nearest dollar.) b. If Beth agrees to pay the loan plus 8 percent compound interest on the unpaid balance over the next 10yersn 0equal end-of-year payments, what will those ingbnc owbth equal payments be? Round to the nearest cent.) Round to the nearest cent)