1. Prepare (using a spreadsheet package) an entire duration amortization schedule as follows:

Initial amount: SHS 10,000,000/=; rate of interest: 15% per annum; period: 13 years payable monthly in arrears. An additional amount of Shs 400,000/= is repaid with the 35^th installment, and the monthly installment is recomputed to fully pay the loan balance in the initially agreed period. The rate of interest is adjusted to 14% per annum with effect from the end of the fifth year. The monthly repayment is recomputed to fully pay the loan balance in the initially agreed period. The borrower enhances his monthly repayments by Shs 12,000/= per month from the end of month 84. The borrower is advanced an additional Shs 900,000/= at the end of month 102 and the monthly repayment is recomputed to fully pay the loan balance in 9 months less than had initially been agreed.