Prepare amortization schedules for each of the following projects:

Project A

i. Amount of loan Kshs 60,000

ii. Repayment period 5 years

iii. Annual rate of interest 10%

iv. Amortization repayment mode: fixed principal repayment of Kshs 9,000 and declining interest payments.

Project B

i. Amount of loan Kshs 60,000

ii. Repayment period 5 years

iii. Annual rate of interest 10%

iv. Mode of amortization repayment equal total annual repayment (total repayment= interest repayment plus capital repayment).