16) A loan of $100,000 at 5% compounded annually, will be repaid over 4 years with 4 identical at the end of year. (6 marks total)

a. Find the size of the yearly payment. (2 marks)

b. Fill pout the ENTIRE Amortization Schedule for the loan (Chapter 14.1) -(4 marks)

Payment Number	Amount paid	Interest paid.	Principal repaid	Outstanding Balance after payment
0	-------------	------------------------	----------------------	100,000.00
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