1. Intermediate-Term Loans. What are the advantages and disadvantages to intermediate-term loans? 2. Amortization Payment. ABC Company agrees to pay a $50,000 loan in eight equal year-end payments....

1. Intermediate-Term Loans. What are the advantages and disadvantages to intermediate-term loans?

2. Amortization Payment. ABC Company agrees to pay a $50,000 loan in eight equal year-end payments. The interest rate is 12 percent

(a) What is the annual payment? (b) What is the total interest on the loan?