1. A loan of $25,000 is to be paid back with semi-annual payments over 10 years (first payment due in 6months). For both types of loan, set up an amortization table and graph the resulting outstanding balances (on separate graphs, using a column graph). Make sure your axis goes from 0 to 20. (a) The first type of loan has an interest rate of i(2)=9%. The first payment is R (which you have to calculate) and each succeeding payment increases by 12\%. ( 6 marks) (b) The second type of loan has an interest rate of i(2)=6%. The first payment is $P (which you have to calculate) and each succeeding payment increases by $150.23. You will probably need to make a slight adjustment to the final payment to.get a 0 final balance. ( 5 marks)