[20 Question 3 a. Draw up an amortisation schedule for a loan of R4 000 for two years at 13% per annum compounded quarterly and repayable in eight quarterly payments. [10] b. David received credit card applications from two different banks. The interest terms from the banks were as follows: Bank A: 15% compounded monthly Bank B: 14.8% compounded daily Calculate: i. The effective annual interest rate for bank A. [2] ii. The nominal interest rate for bank B. 121 iii. The effective monthly interest rate for Bank A. [2] iv. For David's case above, advise him on which card to take and give two facts to support 141