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Question 2 Kwame took a loan in 2019 valued at Gh30,000, with an annual interest rate of 14% to be paid in 2 years with

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Question 2 Kwame took a loan in 2019 valued at Gh30,000, with an annual interest rate of 14% to be paid in 2 years with equal payment. After one year, he needed to pay his son Ole's admission fee worth Gh8,500, so he approached his bank for help. At an interest rate of 15.50, he secured a loan top-up and extended his repayment period to 4 years. Draft a loan table for the scenario, showing a zero balance at the end of the last year Question 2 Kwame took a loan in 2019 valued at Gh30,000, with an annual interest rate of 14% to be paid in 2 years with equal payment. After one year, he needed to pay his son Ole's admission fee worth Gh8,500, so he approached his bank for help. At an interest rate of 15.50, he secured a loan top-up and extended his repayment period to 4 years. Draft a loan table for the scenario, showing a zero balance at the end of the last year

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