Question: hi expert please answer 1.1 and 1.2 QUESTION 1 [11] Caren has recently taken out a loan from her Aunt to the value of RS,000.00,

hi expert please answer 1.1 and 1.2

QUESTION 1 [11] Caren has recently taken out a loan from her Aunt to the value of RS,000.00, in order to update her wardrobe for a new job she is starting in August. She agreed to repay the loan in four equal monthly payments with interest at 7%, compounded monthly. 1.1 Calculate the periodic payment. [2] 1.2 Complete the amortisation schedule for the indicated debt. Round all answers to two decimal places. Adjust the final payment if necessary. Use the space below for any calculations. Only the complete table will be marked. [9]

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