Prepare an amortization table for a $2,800 two-period loan assuming a 5% interest rate and annual payments.

The annual payment will be $1505.85

Complete the amortization table below:(Round to the nearest cent.)

End of Year 1:

1) Interest owing at the end of year ($):

2) Payment ($):

3) Principle Repayment ($):

4) Principle owing at the end of year ($):