Suppose you wish to get a loan from a bank. The details are provided below.

Amount Borrowed= $25,000

Interest Rate 5.0%

# of Years = 20

Payments per year = 1

Given this background information, answer the following questions - A) What is your annual payment? B) How much interest will you pay in year 3? C) How much principle will you pay in year 5? D) What is the total amount of interest you will pay? E) Show that the sum of your principal payments will pay off the load amount. F) Show that your loan is fully paid up at the end of the loan. Solve for this using the appropriate annuity formula and Excel table.