Jakob borrowed $27,000 for a car. He is making monthly payments of $494.81 at 3.8% compounded monthly. Construct a partial amortization schedule showing details of the first two payments, payments 33 and 34, and the last two payments.

Compounded Monthly

Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

Amortization Schedule

A table detailing each periodic payment on a loan over time, breaking down the amounts going towards principal and interest.