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

$12\mathrm{.}249\%$ per annum, but Sahara believes that is too high, arguing instead for $11\mathrm{.}751\%.$ 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 be the annual amortizing loan payments for the bank consortium's proposal?

The annual amortizing loan payments for the bank consortium's proposal is $$.($Round to the nearest dollar.$)$