Question: ; SECTION A Instruction: Complete ALL questions from this section. Question 1 A-One Hundred-Thousand-dollar ($100,000) loan obtained today is to be repaid in equal annual

; SECTION A Instruction: Complete ALL questions from this section. Question

; SECTION A Instruction: Complete ALL questions from this section. Question 1 A-One Hundred-Thousand-dollar ($100,000) loan obtained today is to be repaid in equal annual amounts over the next five years starting at the end of this year. The annual interest rate is 8% compounded annually. A. What is the annual payment that will completely amortize the loan? (4 marks) Prepare the amortization schedule. (10 marks) C. How much interest is paid over the life of the loan? (3 marks) Tu mi of year 4 is repayment of the loan? mark B

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