Build a loan amortization table with the following characteristics:

The amount borrowed equals $ 5,400.

The amount loaned will be recovered through a series of 12 monthly capital payments

growing 11% per month.

The interest rate MV applied in month t, denoted rt

, is calculated as follows:

rt = 0.29% + DTFt

where DTFt is the DTF MV rate in month t. The following table reports this rate:

t 1 2 3 4 5 6 7 8 9 10 11 12

DTFt (%) 0.37 0.38 0.33 0.31 0.31 0.42 0.42 0.33 0.43 0.4 0.4 0.45

n N 1 DTF, (%) 0.37 3 0.38 0.33 4 0.31 5 0.31 6 0.42 7 0.42 8 0.33 9 0.43 10 0.4 11 0.4 12 0.45