Given the following partial amortization table for a loan repaid in level payments. Fill in the rest of the table (keep adding rows until the loan is paid off) and use it to answer the following questions: (Round the entries in the table off to two decimal places. Give your answers to 2 decimal places but keep 5 decimals for intermediate computations.)

Partial Amortization Table

Time	Payment	Interest	Principal Reduction	Outstanding Balance
0	-	-	-	?
1	?	564.001	2603.241	11496.761
2	?	?	?	?

a) What is the amount of the level payment?

b) What is the initial amount of the loan (the balance at time t = 0)?

c) What is the effective interest rate per period? (For 3.06% give your answer as 3.06 not 0.0306)

d) How many payments until the loan is paid off?