a) You have the following information. How much does the borrower need to pay per month?

- Loan amount is RM 225,000.

- 8% interest rate compounded quarterly.

- Period: 8 years.

- Payment made at the end of each month.

b) Prepare a complete amortization schedule that shows the first and last 20 rows.

c) Calculate the total interest rate for this loan. d) Suppose at the end of 4 years, he pays a lump sum of RM 20000 to reduce this outstanding balance. Recalculate the month amount that he needs to pay for the remaining years.