Paige received a loan of $14,000 at 5.50% compounded quarterly. She had to make payments at the end of every quarter for a period of 1 year to settle the loan.

a. Calculate the size of payments.

Round to the nearest cent

b. Fill in the amortization schedule, rounding the answers to two decimal places.

Payment Number	Amount Paid	Interest Portion	Principal Portion	Principal Balance
0				$14,000.00
1
2
3
4
Total