You need $17,000 to purchase a used car. Your wealthy uncle is willing to lend you the

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Question:

You need $17,000 to purchase a used car. Your wealthy uncle is willing to lend you the money as an amortized loan. He would like you to make annual payments for 4 years, with the first payment to be made one year from today. He requires an 8% annual return.

What will be your annual loan payments? Round your answer to the nearest cent. Do not round intermediate calculations.$
How much of your first payment will be applied to interest and to principal repayment? Round your answer to the nearest cent. Do not round intermediate calculations.
Interest: $
Principal repayment: $