Consider a $15,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 12%.

Set up an amortization schedule for the loan. Fill in the boxes with correct answers. If your answer is zero, enter "0". Show the detail steps of calculations.

Year	Payment	Interest Payment	Repayment of Principal	Balance
1	$	$	$	$
2	$	$	$	$
3	$	$	$	$
Total	$	$	$