Crafers Ltd wants to buy a subsidiary of White Ltd. A local investment bank has valued the worth of subsidiary to be shs 6 million. Crafers Ltd can only raised 5.2 million from its reserves. To raise the deficit, on January 1, 2005, the company borrowed money by issuing a sh. 800,000. 10% note that is to be repaid in five annual payments. Each payment is to include a principal of h. 160,000 plus the accrued interest. The payments will be made on Dec 31st

2005-2009.

Required:

1) Show the repayment /amortization schedule for this note.