Carlos borrows $ 15,000 with the agreement that money is worth 5% compounded annually. The debt is to be paid, interest included, by equal installments at the end of each year for 5 years. Find the annual payment and supply the necessary data on the amortization schedule found below.

Solve the problem by showing your FORMULA and COMPUTATION

Period	Beginning Amount	Payment	Interest	Re-Payment	Ending Balance
1	15,000.00
2
3
4
5