Study y and D wan Prepand Harry Potter the owner g the Wizarding woll- Drama Ltd was impressed by the work you had done o financial modeling o niny you analysis, I looking at the demand for ghost videas, he has decided that his existing video room facility is suffiunt , but it is time to acquire a begges felininy, facility Harry Potter has identified a suitable equipment that is currently for sale and he believes he can buy and install it for about 880,000. Harry Lany, officer commonwealth Bank to discuss wan available to the company to finance this facility Larry begins the mutings by discussing 16-year loon. The loan would be equal monthly instalments. Larry stated that the compounding interest rate, or Annual percentage rate of the lan, would be 57 and for loans not apply simple interest rate However, Hany does not know how to calculate the equal monthly instalments for the loans and the difference between compoundery interest rate and simple interest rate Required How to calculate monthly loan installment at 5% Annual percentage rate? 2. What will Harry's monthly payments an ou banke doel ke