2. A) Suppose a bank lends $ 5000 and charges interest at the nominal interest rate of 8 % compounded annually. The loan is to be repaid by equal payments at the end of each year for 3 years. Showing your working clearly, set up an amortization schedule. B). A savings account pays interest at the rate of 4% compounded semiannually. What amount must be deposited now so that $250 can be withdrawn at the end of every 6 months for the next 15 years? (3)