Complete an amortization schedule for a 90,000 loan to be repaid in equal installments at the end of each of the next 4 years. The interest rate is 4.5%, compounded annually.

Show the calculation of the payment

\begin{tabular}{|l|l|l|l|l|l|} \hline Year & Beginning balance & Payment & Interest & Principal repayment & Ending balance \\ \hline 1 & & & & & \\ \hline 2 & & & & & \\ \hline 3 & & & & & \\ \hline 4 & & & & & \\ \hline \end{tabular}