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QUESTION 1 ( 2 5 MARKS ) a ) Angela took a RM 1 0 0 , 0 0 0 bank loan from Bank AA

QUESTION 1(25 MARKS)
a) Angela took a RM100,000 bank loan from Bank AA. The bank charged Angela an interest rate of 7% p.a. and requires him to pay at the end of each year for 10 years.
(i) Calculate the yearly repayment amount and complete the following loan amortization schedule.
\table[[Year,\table[[Beginning],[Value]],\table[[Repayment],[amount]],\table[[Interest],[paid]],\table[[Principal],[paid]],\table[[Ending],[Value]]],[1,,,,,],[2,,,,,],[3,,,,,],[4,,,,,],[5,,,,,]]
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