Question: Work please 6. Solve the following problems. (a) (10 pt.) Fill the following sinking fund schedule table for a loan of $1,000 repaid over four

Work please
6. Solve the following problems. (a) (10 pt.) Fill the following sinking fund schedule table for a loan of $1,000 repaid over four years if the annual effective rate of interest is 10% and the sinking fund interest rate is 8%. Period paid Sinking fund deposit Amount in sinking fund Net amount of Interest 0 N/A N/A 2 3 (10 pt.) A loan of $20,000 is being repaid with annual payments for 5 years using the sinking fund method. The loan charges 10% interest compounded twice a year. The sinking fund earns 8% compounded month alculate the interest payment that is paid annually to service the loan and the sinking fund deposit
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