Now it's time for you to practice what you've learned.

Suppose Teresa receives a $$37,000,00$ loan to be repaid in equal installments at the end of each of the next $3$ years. The interest rate is $8\%$ compounded annually.

Complete the following amortization schedule by caiculating the payment, interest, repayment of principal, and ending balance for each year.

$\backslash$table$[[$Year$,$Beginning $$mount$,$Payment,Interest,Repayment of Principal,Ending Balance$],[1,$$$37,000,00,$grad,$=,\frac{?}{\text{b}\text{a}\text{r}}(-1),$L$-],[2,$grad,,$=,,$grad