Below shows the monthly repayment table of a personal installment loan. 1. Which method is used to calculate the monthly payment? Explain. 2. What is the monthly flat rate for a loan amount over HK$700,000 ? 3. What are the 24-month repayment amount and the APR based on every HKD10,000 loan amount? Loan Amount (HKD) HKD5,000 - HKD49,999 HKD50,000 - HKD149,999 HKD150,000 - HKD499,999 HKD500,000 - HKD699,999 HKD700,000 or above Monthly flat rate 0.41% 0.24% 0.20% 0.15% ??? Monthly Repayment Amount - Based on every HKD10,000 loan amount (APR) 12 Months 24 Months 36 Months 48 Months 60 Months HKD874.40 (9.34%) HKD857.40 (5.40%) HKD853.40 (4.49%) HKD848.40 (3.36%) HKD845.40 (2.68%) HKD457.70 (9.57%) HKD440.70 (5.57%) HKD318.80 (9.56%) HKD301.80 (5.60%) HKD436.70 HKD297.80 (4.64%) (4.67%) ??? HKD249.40 (9.49%) HKD232.40 (5.59%) HKD228.40 (4.66%) HKD431.70 HKD292.80 HKD223.40 (3.47%) (3.50%) (3.50%) HKD289.80 HKD220.40 (2.80%) (2.81%) HKD207.70 (9.40%) HKD190.70 (5.56%) HKD186.70 (4.65%) HKD181.70 (3.50%) HKD178.70 (2.81%)