Question 1: An amount of $1500 is deposited into a savings account at 2% interest compounded quarterly. How much interest is earned during the first two years? during the third year? Question 2: Write out a complete schedule for the amortization of a $80,000 loan with payments every 6 months at 16% interest compounded semiannually for 1 year. Complete the schedule below. Payment number Amount Interest Applied to principal Unpaid Balance