Your company took out an amortizing loan with the following terms: AB$1$Amount$9,0002$Term $($years$)303$Interest rate$7\%$ Attempt $4/10$ for $10$ pts$.$Part $1$What is the annual payment on the loan $($as a positive number$)?$ Use Excel's PMT$()$ function.Correct ABC$1$Amount$9,0002$Term $($years$)303$Interest rate$7\%4$Annual payment$725\mathrm{.}28=$PMT$($B$3,$B$2,-$B$1)$The function is: PMT$($rate$,$ nper, pv$)$Enter the present value of the loan $($the loan amount$)$ as a negative number to get a positive payment, or vice versa. Attempt $2/10$ for $10$ pts$.$Part $2$Create an amortization table in Excel. What is the outstanding balance at the end of the first year?Try again Attempt $1/10$ for $10$ pts$.$Part $3$What is the outstanding balance at the end of year $20?$ Attempt $1/10$ for $10$ pts$.$Part $4$What is the outstanding balance at the end of year $30?$