A. Rosli plans to renovate his restaurant and for that purpose he needs to obtain RM 100,000 from RZB Bank that will bear an interest rate at 8% per annum for a 15- year loan.

Note: Round up your answer to the nearest RM.

Required:

1) Compute the annual installment of the loan amount.

2) Prepare a loan amortization schedule for three (3) years loan duration.