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Hi please help me with the problem below, make sure write down detailed steps, thank you! Question 3 Kathy can take out a loan of

Hi please help me with the problem below, make sure write down detailed steps, thank you!

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Question 3 Kathy can take out a loan of 50,000 with Bank A or Bank B. With Bank A, she must repay the loan with 60 monthly payments using the amortization method with interest at 7% compounded monthly. With Bank B, she can repay the loan with 60 monthly payments using the sinking compounded monthly can Bank B charge on the loan, so that Kathy's payment will be the same under either option? Hint: 6.782%

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