a sole proprietorship business which he inherited from his father several years ago. As part of his expansion plans, he intends to get a motor vehicle to be used to run several errands, as the current car he uses, is shared between himself and his wife. He has been advised by his colleague that he should get a motor vehicle loan from one of the top banks. The motor vehicle he intends to purchase will cost K250,000.00 and he reckons to finance it 100 percent through a loan. The loan is to be paid in equal semi-annual payments for a period of three years at an annual interest rate of 16 percent. He is concerned about meeting the semi-annual payments from his business cash flows which fluctuate from time to time. He has asked you to draw up an amortization schedule showing the semiannual payments to be made on this loan, which he can use for cash flow purposes. (Ignore transaction fees, commissions and other upfront fees for accessing the loan) Required: Draw up an amortization tabler for Mr Muzungu to help him determine whether he will be able to service the loan.