1. You borrowed a 5-year bank loan of $5,000 for your tuition at annual rate of 8%. By working part-time, you are sure that you can make a constant payment each year to pay off the loan. After learning the corporate finance about amortized loan, you decide that you will make a constant payment at the end of each year in the future five years to pay off your loan.

   Questions A: How many dollars will you pay to your bank at the end of each year?

   $

   Question B: At the end of third year, after you make the payment of this year, how many dollars do you still owe to your bank in the principal?

   $

   Question C: At the end of fourth year, among the payment that you make to the bank, how many dollars are paid as insterst?

   $

   Question D: At the end of fourth year, among the payment that you make to the bank, how many dollars are paid to reduce the principal ?

   $

   Question E: At the beginning of fifth year, after you make the payment of this year, how many dollars do you still owe to your bank in the principal?

   $

   Question F: At the end of fifth year, after you make the payment of this year, how many dollars do you still owe to your bank in the principal?

   $