A manufacturer of towers, rotators, and antennas is seeking to capture the high-end market in altazimuth and elevation rotators for use with large six-meter earth-moon-earth (EME) stacked antenna arrays. The company takes out a $40,000 loan for development of the rotator and will pay it back in 4 equal yearly payments; however, the 1st payment will not occur until the end of year 3. Interest is 14% per year.

Determine how much for each payment is interest and how much is principal. (Note: A tabular solution should be used).