Dr. Jerry Jones is an accomplished civil engineer. His company, Plan Construction Ghana Limited, has just secured a contract to build a new District Hospitals in one of the newly created districts in Ghana. His bankers, Stanbic Bank Ghana Limited, is willing to support this project. Dr. Jones has approached his bankers to borrow an amount of GHS1,500,000.00 at a 14% annual interest rate to be repaid over three years. The loan is amortized into three equal annual end-of year payments. i. Calculate the annual end of year loan payment. ii. Prepare a loan amortization schedule showing the interest and principal breakdown of each of the three loan payments. iii. Explain why the interest portion of each payment declines with the passage of time.