Saharan Debt Negotiations. The country of Sahara is negotiating a new loan agreement with a consortium of international banks. Both sides have a tentative agreement on the principal- $220 million. But there are still wide differences of opinion on the final interest rate and maturity. The banks would like a shorter loan, four years in length, while Sahara would prefer a long maturity of six years. The banks also believe the interest rate will need to be 12248% per annum, but Sahara believes that is too high, arguing instead for 11.751%. The initial values are shown in the table: a. What would be the annual amortizing loan payments for the bank consortium's proposal? b. What would be the annual amortizing loan payments for Sahara's loan preferences? c. How much would annual payments drop on the bank consortium's proposal if the same loan was stretched out from four to six years? a. What would bethe annual amortizing loan payments for the bank consortium's proposal? The annual amortizing loan payments for the bank consortium's proposal is $ (Round to the nearest dollar.) b. What would be the annual amortizing loan payments for Sahara's loan preferences? The annual amortizing loan payments for Sahara's loan preferences is $ (Round to the nearest dollar) c. How much would annuaf payments drop on the bank consortium's proposal if the same loan was stretched out from four to six years? If the same loan was stretched out from four to six years, the annual payments would drop on the bank consortium's proposal by $ (Round to the nearest dollar) Data table (Click the icon p to import the table to a spreadsheet)