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Andrew is a loan officer of Bank AA . A bank s customer has requested Andrew to present to him how his RM 2 0

Andrew is a loan officer of Bank AA. A banks customer has requested Andrew to present to him how his RM200,000 personal loan is going to be repaid by 36 monthly installments based on an interest rate of 8% p.a.
(i) Calculate the monthly repayment amount and complete the following loan amortization schedule.
Year
Beginning
Value
Repayment
amount
Interest
paid
Principal
paid
Ending
Value
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Do calculate till the 36 months. Give the full details of the loan repaid.

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