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A loan of GHc10,000 is being repaid with annual payments for 10 years using the Sin king fund method. The loan charges 10% interest
A loan of GHc10,000 is being repaid with annual payments for 10 years using the Sin king fund method. The loan charges 10% interest and the sinking fund earns 8% Calculate the interest payment that is paid annually to service the loan. [1 Mark] ) Calculate the sinking fund payment made annually. [2 Marks] in) Calculate the amount in the sinking fund immediately after the deposit made at the end of 5 years. iv) Create the sinking fund schedule for the loan. [2 Marks] [5 Marks Don't use any software I want hardwriting. Please
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