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2. loan of c20000 is written for n10 years on i10% PR when interest-only, and j12%PR. when a repayment one. The borrower also requests 3years

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2. loan of c20000 is written for n10 years on i10% PR when interest-only, and j12%PR. when a repayment one. The borrower also requests 3years of payment vacation. Using a spreadsheet, produce the cashflow for the following scenarios. (i) The borrower takes the vacation first, then pays interest-only for 2 years, and then repays the capital during 5 years; [5 Marks] (ii) The borrower pays it interest-only for 5 years, then takes the vacation, and then repays the capital during 2 years. [5 Marks] 2. loan of c20000 is written for n10 years on i10% PR when interest-only, and j12%PR. when a repayment one. The borrower also requests 3years of payment vacation. Using a spreadsheet, produce the cashflow for the following scenarios. (i) The borrower takes the vacation first, then pays interest-only for 2 years, and then repays the capital during 5 years; [5 Marks] (ii) The borrower pays it interest-only for 5 years, then takes the vacation, and then repays the capital during 2 years. [5 Marks]

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