Task 2: Complete an amortization schedule for a 35,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 7.5%, compounded annually. Year Beginning balance Payment Interest Principal repayment Ending balance 1 2 3 Questions: 1. Describe the primary objective and the main goals of financial management. 2. What is a financial report? Describe its basic elements. 3. What is a free cash flow? How is it different from net income? 4. How can companies obtain capital? Describe the main sources of financing. 5. Describe the basic types of financial ratios. What are the limitations of financial ratio analysis? 6. Explain how accounting profit is different from economic profit. Which profit measure is more informative in financial management? Explain