If you deposit $25,000 in a saving account paying 3.1% per year, how much will you have after 17 years if the bank promises annual compounding? Round your answer to the nearest cent (xxxxx.xx) and enter without the dollar sign.

You are borrowing $200,000 for an amortized loan with terms that include annual payments,5 year loan, and interest rate of 5.8 per year. How much of the first year's payment would be applied toward reducing the principal? Answer to the nearest cent xxx.xx, and do not enter the dollar sign.