Question: Question 1 (a) Construct an amortization schedule for a loan of $11,800 to be repaid by an 8-payment annuity-immediate at an effective interest rate of

Question 1

(a) Construct an amortization schedule for a loan of $11,800 to be repaid by an 8-payment

annuity-immediate at an effective interest rate of 4.5% per year

(b) What would be the difference between an amortization schedule and a sinking fund

schedule for the loan repayment in (a)?

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