14. Prepare an amortization schedule for a loan of Eur. 5,000 which is to be repaid by equal payments at the end of each month for 3 months, if money is worth 12% per annum compounded monthly. 15. Find the amortized quarterly payment necessary to pay-off a loan of Eur. 3.000 at 4% per annum compounded quarterly, in 15 years 16. Mr. X has purchased a house for Eur. 700.000 and has made a down payment of Eur. 150.000. He proposes to repay the balance in 25 years by monthly insta!ments at 9% (a) What is the monthly payment? (b) What is the total interest payment? 17. A loan of Eur. 3.000 is to be repaid by annual instalments of principal and interest over a period of 10 years, the rate of interest being 10% per annum. Find (a) the annual instalment. (b) The principal outstanding after the 6th payment. (c) The principal repaid after 6 payments have been made. 18. A loan of Eur. 10.000 is to be amortized by equal payments at the end of every 3month period for 5 years. If money is worth 16% per annum compounded quarterly. Find (a) the quarterly instalment. (b) The principal outstanding at the beginning of 4th year (c) The principal repaid in 3 years 19. A loan of Eur. 2.500 is to be repaid with interest at 10% effective by means of immediate annuity for 10 years. Find (a) interest contained in the 6th payment (b) principal contained in the 6th payment. 20. A man gets a loan of Eur. 12.000 and agrees to repay in 10 equal payments, the first being made at the end of 6 months. If money is worth 12% per annum compounded semi-annually, find the interest and the principal contained in the 5th instalment