Consider a 4-year amortizing loan. You borrow $2,900 initially and repay it in four equal annual year-end payments.

a)If the interest rate is 9%, what is the annual payment?

Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

b. Prepare an amortization schedule. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter " 0 " wherever required