a. A loan of RM20,000 is repayable by an annuity payable annually in arrear for 25 years. The annual repayment is calculated at an effective interest rate of 8% per annum and increases by RM50 each year i. Calculate the amount of the first payment. [3 marks) Calculate the capital outstanding after the first three payments have been made. [2 marks) Explain your answer to part (ii). [2 marks] Calculate the total amount of interest paid over the term of the loan. [3 marks) iv. a. A loan of RM20,000 is repayable by an annuity payable annually in arrear for 25 years. The annual repayment is calculated at an effective interest rate of 8% per annum and increases by RM50 each year i. Calculate the amount of the first payment. [3 marks) Calculate the capital outstanding after the first three payments have been made. [2 marks) Explain your answer to part (ii). [2 marks] Calculate the total amount of interest paid over the term of the loan. [3 marks) iv