If you borrow $20,000 with a 3.x%note1 annual interest rate to be repaid in 9 monthly installments, how much will be the monthly payment? How much will the interest and repayment of principal paid be included in each installment? To answer the questions, you are required to use Excel's spread sheet (together with appropriate Excel syntax and formulas) to prepare a table which shows the monthly repayment, interest, repayment of principal and ending balance of the loan for each installment. (8 marks)