A friend of yours borrowed an amount of Php 70,000. Based on your conversation, She intends to pay it within one year and based on a monthly basis. The interest rate of the borrowed money is 24%, compounded quarterly. You were able to lend her the money on July 01, 2021, and she intends to pay it at the end of August 2021. After paying for the 6 months, she intends to pay the remaining balance at the end of the 7th month. Solve for the following : 1.What is the Amortization Schedule for the loan amounting to 70,000 for a year. 2.What was the Effective rate of interest for the loan. 3.What is the amount that she intends to pay in the 7th month to pay for the debt