Murray Countertops borrowed $$8000$ at an annual rate of $8\%$ to buy a used forklift. Murray amortized the loan in $4$ annual payments. Prepare an amortization schedule, using the amortization table, for the loan and use it to answer the questions.

Click here to view page $1$ of the Amortization Table. Click here to view page $2$ of the Amortization Table.

The amount of interest for the first payment period is $ $($Round to the nearest cent as needed.$)$

The portion of the second payment that is applied to reduction of the principal is $

The principal remaining at the end of the third payment period is $

Page $1$ of the Amortization Table

$\backslash$table$[[$Period$,$Interest Rate per Period$],[\frac{1}{2}{e}_i,1\%,1\frac{1}{2}\%,2$@$,2\frac{1}{2}4,3\%,4\%,6\%,8\%,10\%$