Emma Watson Inc. just borrowed $25,000. The loan is to be repaid in equal installments at the end of every month for the next 5 years, and the nominal annual interest rate is 10%. a. Create a monthly amortization schedule for the loan. b. How large must each monthly payment be if the loan is for $50,000? Assume that the interest remains at 10% and that the loan is paid off monthly over five years. Explain and be sure to show your work. c. How large must each payment be if the loan is for $50,000, the interest rate is 10%, and the loan is paid off in equal installments at the end of every month for the next 10 years? This loan is for the same amount as the loan in part (b), but the payments are spread out over twice as many periods. Why are these payhdents not half as large as the payments on the loan in part (b)