5) A $60,000 loan will be paid off with 3 the identical payments (that include interest and principal repaid) at the end of every year over 3 years. If the interest rate on the loan is 6% compounded quarterly determine: (5 marks total-CH 14) (a) The size of the payments every year (1) (b) Complete the entire amortization table for the loan (4) Payment Number Interest paid. Amount paid Principal repaid Balance after payment 0 60,000.00 1 2 3