Question: Hello, if you can answer these in a neat format showing the steps taken it will be greatly appreciated. I always give upvote and positive

Hello, if you can answer these in a neat format showing

Hello, if you can answer these in a neat format showing the steps taken it will be greatly appreciated. I always give upvote and positive review. Thank you :D

Question Problem 3 8 Marks You have recently borrowed a loan of $50,000 from your bank. The loan is to be repaid in monthly installments over a 10-year period at an annual interest rate of 12%. a) Compute the monthly payments on this loan. b) Prepare an amortization schedule for the first 2 months of the loan. 5 Marks 3 Marks

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