You need $19,000 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 5 years, with the first payment to be made one year from today. he requires a 7% annual return.

what will be your annual loan payments? do not round intermediate calculations. round your answer to the nearest cent.
$

how much of your first payment will be applied to interest and to principal repayment? do not round intermediate calculations. round your answers to the nearest cent.

interest: $

principal repayment: $