1.2 Ndapandula Limited, a construction company, is planning to acquire new earth-moving equipment at a cost of N$10,000,000. Ndapandula is considering a bank loan for the full cost of the equipment, repayable over four years in equal annual instalments, incorporating interest at a rate of 5% per annum, the first instalment to be paid one year from the date of taking out the loan. Evaluate the following: (1) The annual instalment (2) Total principal repayments (3) Total interest charges (4) Interest charges for each year (5) Principal repayments in each year [3] [4]