Mr Sakuran borrow RM50,000 that he will repay within the period of five years. He is

being charged with an interest of 6 percent per year. Based on this information, answer

the following questions:

(a) Prepare amortization schedule for Mr Sakuran if he is paying an equal annual

payment throughout the period. (15 marks)

(b) Prepare a amortization schedule for Mr Sakuran if the bank requires his

loan to be reduce by same principal amount annually. (10 marks)