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 this problem by showing your FORMULA and COMPUTATION done manually, not in excel

Period	Beginning Amount	Principal	Interest	Payment	Ending Balance
1	$15,000.00
2
3
4
5