You are about to borrow $8,000 from a bank at an interest rate of 8% compounded annually. You are required to make five equal annual repayments in the amount of $2,004 per year, with the first...

You are about to borrow $8,000 from a bank at an interest rate of 8% compounded annually. You are required to make five equal annual repayments in the amount of $2,004 per year, with the first repayment occurring at the end of year one. For each year, show the interest payment and principal payment.