Miscellany

There's loan worth of 3500€ and you're paying it back in seven years. The tax rate is 5%.

A) How much do you have to shorten the loan every year?

B) How much taxes do you pay after the first year?

C) How much taxes do you pay after the second year? (Remember, the loan has already been shortened)

D) What's the percentage of the loan care from the taxes? (5%)

Ok sorry for bad translation, ask me if you don't understand something.