Establish loan amortization schedules for the following loans to the nearest cent (see Table 3.8 for an

Question:

Establish loan amortization schedules for the following loans to the nearest cent (see Table 3.8 for an example):
a. A 36-month loan of $8,000 with equal installment payments at the end of each month. The interest rate is 1 percent per month.
b. A 25-year mortgage loan of $184,000 at a 10 percent compound annual interest rate with equal installment payments at the end of each year.