Today, a $5-$year loan of $300,000$ is approved for the company "Dry$-$Feet" with an

interest rate of $7\%.$ The loan, along with the corresponding interest, will be repaid

in $5$ equal annual installments that consist of both principal payments and interest.

Calculate the level of the annual instalment and provide the loan$$s amortizing

schedule that describes for each payment date the respective amounts of interest

and principal payment. What is the Present Value of the Interest Payments, and

what is the Present Value of the Principal Payments?