Question: Ranjit borrowed R 1 0 , 0 0 0 . 0 0 from Pinnacle Transactional Bank on a short - term loan, in order to

Ranjit borrowed R10,000.00 from Pinnacle Transactional Bank on a short-term loan, in order to fund the shortfall on his studies for the first semester of 2020. The R10,000.00 is repaid by five equal monthly payments with interest at 9%, compounded monthly. Complete the amortization schedule and adjust the final payment if necessary. Round all answers to two decimal places. Marks will only be awarded for the completed table. Period Principle Outstanding at Beginning Interest for the Period Payment at the End of the Month Principle Repaid at End

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