Ron borrowed $15,000 from Neville at a rate of 3% compounded monthly. Ron has agreed to pay Neville back in monthly payments over the course of 3 years. Complete the first and fifth payments of the amortization schedule below. Round numbers to 2 places after the decimal. Hint: If using amortization table on your calculator, re-enter the rounded PMT amount.

I/Y	P/Y	C/Y	N	PV	PMT	FV
Answer	Answer	Answer	Answer	Answer	Answer	Answer

Pmt #	Payment (enter as a positive number)	Interest Portion	Principal Portion	Principal Balance
0	************	************	************	Answer
1	Answer	Answer	Answer	Answer
4	************	************	************	************
5	Answer	Answer	Answer	Answer