9) A sailboat costs $35,000. You pay 20% down and amortize the rest with equal monthly payments over a 12-year period. If you must pay 8.75% compounded monthly, what is your monthly payment? How much interest will you pay? 10) Construct the amortization schedule for a$10,000 debt that is to be amortized in six equal quarterly payments at 2.8% interest per quarter on the unpaid balance. Payment PaymentUnpaid Unpaid Balance Balance Reduction Number 0 2 4 5 6 Totals