Question: 2. (40 points) How much interest is earned each year on a loan of $2,000 (interest rate, 1': 10% per year, N = 8 years)

2. (40 points) How much interest is earned each year on a loan of $2,000 (interest rate, 1': 10% per year, N = 8 years) when half of the loan principal will be paid as a lump sum at the end of four years and the other half will be paid in one lump-sum amount at the end of eight years? To answer this question, develop a table similar to the one I developed in class on Friday (8/26/2022, page 7 in the lecture note). How much interest will be paid over the eight-year period
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