12. Loan amortization and capital recovery problems require the calculations of annuity payments based on a given required rate of return. Suppose you take out a loan. The process in which your liability will be gradually eliminated through regular payments over time is called each year. Ian texted and asked that you help him calculate the annual payments that he should expect to receive so that he can ritial investment and earn the agreed-upon 7% on his investment. Calculate the annual payment and complete the following capital recovery schedule: Note: Round your answers to two decimals places