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For each of the loan amounts, interest rates, loan terms, and annual payments shown in the following table, calculate the annual interest paid each year over the term of the loan, assuming that the payments are made at the end of each year.

Loan	Amount	Interest Rate	Term	Annual Payment
A	$ 20,000	8.0%	4 years	$ 6,038
B	35,500	7.0	6	7,448
C	152,500	9.0	5	39,207
D	250,000	7.5	10	36,421
E	575,500	6.0	15	59,204

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92072156

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