You have taken out a loan of $14,000 for 4 years with an interest rate of 4% compounded annually. The loan will be repaid byendof year payments. Fill in all the boxes below, and round all entries to the nearest cent.Enter only positive values for ALL ANSWERS.

First 3 payment amounts: $

Payment numberPayment amountInterestPrincipal repaidBalance0)$14,0001)$Correct

$$$2)same as above$$$3)same as above$$$4)$$$$Total$$$