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

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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