assume thay instead ld paying back the principle and interest at the end of the 10 months, gimme some yoga agrees tk a one year installment loan with monthly payments and an APR of 12% with the relsted transcations:

1. recieved the loan on july 1,20xx

2. paid first installment payment on august 1, 20xx

3. paid the second installment payment on september 1,20xx

Now assume that instead of paying back the principle and interest at the end of 10-months, Gimme Some Yoga agrees to a one-year installment loan with monthly payments and an APR of 12%. Answer the related questions below under this payment scheme. How much would each payment be for Gimme Some Yoga under this payment scheme? Record the following related transactions: 1. Received the loan proceeds on July 1,20xX. 2. Paid first installment payment on August 1, 20XX. 3. Paid the second installment payment on September 1,20XX. \begin{tabular}{|l|l|c|c|c|} \hline 8 \\ 9 & Ref & General Journal \\ \hline 10 & & Account & Debit & Credit \\ \hline 11 & & & & \\ 12 & & & & \\ 13 \\ 14 & & & & \\ 15 \\ 16 & & & & \\ 17 \\ 18 & & & & \\ \hline 19 & & & & \\ \hline \end{tabular}