An auto repair shop borrowed $15,000

to be repaid by quarterly

payments over 4 years. Interest on the loan is 3%

compounded quarterly.

(a) What is the size of the periodic payment?

(b) What is the outstanding principal after payment

10?

(c) What is the interest paid on payment

11?

(d) How much principal is repaid in payment

11?

Could you please show full steps as i want to use this as a learning tool.