A loan of $12,000 with interest at 12.9% compounded monthly is repaid by payments of $500 made at the end of bi-weekly period.

Create a partial amortization table showing details of the first three lines and the last three lines. Show any necessary work on the next page.

Payment Number	Amount Paid	Interest Paid	Principal Repaid	Outstanding Balance
0
1
2
3
. . .	. . .	. . .	. . .	. . .