14. Establish loan amortization schedules for the following loans to the nearest cent (see

Table 3.8 for an example):

a. A 36-month loan of $8,000 with equal installment payments at the end of each month.

The interest rate is 1 percent per month.

b. A 25-year mortgage loan of $184,000 at a 10 percent compound annual interest rate

with equal installment payments at the end of each year.