1) A loan of R80000 at 19.75% p.a., compounded monthly, is paid back over a period of ten years in equal monthly payments P at the end of every month. a) Find P. b) Determine the outstanding balance of the loan at the end of the 7th year immediately after the payment has been made. c) Give the entries in the amortisation table for the first three months and the last three months of the eight year. d) Determine the total interest paid during the i) seventh year, and ii) the final four years. e) Determine the amount principal repayment in the seventh year. f) What portion of the penultimate payment will go towards principal repayment? g) What percentage of the initial loan is repaid over the first five years?