If you borrow $1,000 and agree to repay the loan in five equal annual payments at an interest rate of 12%...?

$266.88 per year...

This could be a trick loan. Depending on how it is stated you could pay 12% annual percent, which translates to $120 the first year , then 12% on the unpaid balance the next year and so on for 5 years. If the loan has a prepayment penalty paying it early will not save you much; likewise paying the whole thing in 1 year might still cost you more than 12%. Exactly how the loan is written will determine how much more than 12% in total interest you will actually pay.

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This sounds like someones math homework...

a. 277.41

b. 247.69

Each payment will be 120$ and Idk about B