1 A loan was taken out for \( \$\{A\} \) and is paid with quarterly payments of \( \$\{B\} \). The loan rate is \( \{C\} \% \) compounded 2 annually. Create a partial amortization table for this ordinary general annuity. How much principal was paid in 3 the first vear?
\begin{tabular}{ll|l|l|}
\hline 4 & \( \{\mathrm{~A}\} \) & \( \{C\} \) & \\
\hline 5 & \( \$ 40,000 \) & \( \$ 2,800 \) & \( 7.60 \% \)
\end{tabular}