Question: 4 (6+4) a. Mr. Mamun borrowed Tk. 145,000 at a 11.5% annual rate compounded monthly of interest to be repaid over one year period of time. The loan is amortized into 12 equal end-of-month payments. The loan has processing fees 1.75%, services charge 1% and vat 15%. Requirements: I. Calculate the end-of-month loan payment. Prepare a loan amortization schedule showing the interest and principal breakdown of each of the twelve loan payments. III. Explain why interest decreased gradually in this process? and show EAR to justify your findings. b. Define agency problem? Explain different mechanisms to minimize the agency problem of a business enterprise