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14.1 Amortization of Simple Annuity A loan of $15,000 will be repaid with three (3) IDENTICAL yearly payments in 1 year, 2 years and 3

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14.1 Amortization of Simple Annuity A loan of $15,000 will be repaid with three (3) IDENTICAL yearly payments in 1 year, 2 years and 3 years from today. If rates are 10% compounded annually-fill in the entire amortization chart below. (Hint-find payment first!) Payment Amount Interest paid Principal repaid Balance after Number paid payment $15,000 O

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