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If Brian wants to buy a house that cost $200000. The bank agreed to give...

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Finance

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If Brian wants to buy a house that cost $200000. The bank agreed to give him a loan that equals 80% of the cost of the house at 0.05 annual interest on a 20-year loan that will be repaid in equal annual payments. what is the annual loan payment? what is the interest paid in the first year? what is the principal paid in the first year? what is the interest paid in the second year? what is the principal paid in the second year? what is the total interest that was paid over the life of the loan

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