One $1,000 loan charges 5% interest at the end of each year, while a second loan charges 8% interest at the end of each year. Complete the table with the balances for each loan. Assume that no payments are made and that the interest applies to the entire loan balance, including any previous interest charges.One $1,000 loan charges 5% interest at the end of each year, while a second loan charges 8% interest at the end of each year. Complete the table with the balances for each loan. Assume that no payments are made and that the interest applies to the entire loan balance, including any previous interest charges.