Question: PLEASE DONT WRITE THIS IN EXCEL, PLEASE BY TYPING OR HANDWRITING, Thanks! = 1. (15 marks] A loan of $10,000 is repaid by level installments

PLEASE DONT WRITE THIS IN EXCEL, PLEASE BY TYPING OR HANDWRITING, Thanks!

= 1. (15 marks] A loan of $10,000 is repaid by level installments of $2,000 at the end of each year and a smaller final payment. Assume the annual effective interest rate is (1) 10%. Build the complete amortization schedule with a smaller last payment. In the amortization table, you need to show at each time t, the opening balance, payment, interest, principle, and closing balance

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