Roxy Enterprise wanted to buy a Tesla truck worth RM260,000. The company needs to borrow from the bank at six (6) percent interest rate and will be paying every year for the next 10 years.

i.How much the company has to pay annually for the next 10 years?

ii.If the payment is being amortised, please show the amortization for the next 4 years only by filling the figures in the cells. (Cut and paste the table and insert the figures)

Month

Beginning of Year

Loan PMT

Interest

Principal

End of Year

1

2

3

4