Question 2: 15 marks Please refer to the following cash table. You have arranged a loan as shown in the table (annual interest rate, number of years N, and loan amount). You are making equal annual payments (include both interest plus principal) starting in year 1 until the end of year N. What will be the principal payment in the second year? Solution Instructions: Show your calculations. Use 4 decimal points for the interest factors. Round off your final answer to the nearest dollar. - 8% N, years Loan Amount, $ 8 18,000