You have borrowed $47704 and need to repay the loan in equal annual payments over the next 5-years. The interest rate on the loan is 6%. What is the amount of interest paid in year 4 (as part of 4th annual payment)? QUESTION 41 You have borrowed $25465 and need to repay the loan in equal annual payments over the next 5-years. The interest rate on the loan is 7%. What is the remaining balance at the end of 3rd year (remaining loan balance after 3rd annual payment is paid out by you)? QUESTION 42 You have borrowed $47704 and need to repay the loan in equal annual payments over the next 5-years. The interest rate on the loan is 6%. What is the total amount of interest paid over the life of the loan